France Raises ‘Terror Tax’

france raises terror tax

Fox News reports:

French citizens will contribute an extra 1.60 euros ($1.67) on their property insurance policies to help finance a fund for victims of the extremist attacks that have recently hit the country.

The measure comes into force on Sunday and requires policy holders to contribute 5.90 euros ($6.18) instead of 4.30 euros ($4.51).

French government officials said in October when they revealed the scheme that about 90 million insurance policies are floating the fund, which currently has reserves of 1.45 billion euros ($1.52 billion).

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