Saturday, 31 December 2016

France raises 'terror tax' to support attack victims

France raises 'terror tax' to support attack victims French citizens will contribute an extra 1.60 euro (£1.36) on their property insurance policies to help finance a fund for victims of extremist attacks which have recently hit the country.  The measure comes into force on Sunday and requires policy holders to contribute 5.90 euro (£5.02) instead of 4.30 euro (£3.66). 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 euro (£1.2 billion). More than 200 people have died in France as a result of terror attacks over the last 20 months. The Bastille Day truck attack in Nice which left 86 dead this summer cost between 300 and 400 million euro, approximatively the same as the November 13 attacks in Paris, which killed 130 people.

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