Taxes May Go Down in 2015, Says French Minister

French households and businesses can expect lower taxes in two years' time, but tough choices to fix an indebted welfare system are still needed, Budget Minister Jerome Cahuzac said on Sunday.

The Socialist government unveiled a tough 2013 budget on Friday that slaps higher levies on business and a 75-percent tax on the super-rich but does not reduce public spending, to the dismay of business and most economists.

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