The French government will propose a new tax on secondary homes primarily targeting wealthy foreigners as it seeks to raise an additional 150 million euros ($187.55 million) for state coffers, Les Echos newspaper reported. Socialist President Francois Hollande is under pressure to find extra cash after his government sent a tweaked version of its 2015 budget to Brussels that would bring it more into line with European Commission targets for budget deficits. The so-called “weekend tax” proposal would target mostly wealthy, foreign owners of second homes in urban hubs such as Paris, Lyon,...
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