The main part of the amended 2012 budget presented to the parliament consists of 2.3 billion euro levy on wealthy households and a 1.1 billion euro charge in one-off taxes on large banks and energy firms.
Further, taxes on foreign-owned second homes in France are also to be increased as a social charge and tax on rental income would rise from 20% to 35.5%, and capital gains tax on property sales would rise from 19% to 34.5%.
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The tax on financial transactions will also be doubled to 0.2%.
The budget has followed the recent report by the state auditors warning that up to 10 billion euros of deficit cuts are needed in 2012, with a further 33 billion euros of cuts in 2013 for France to be within agreed eurozone budget limits.
It is stated that 300,000 people may be affected by the one-off rise in wealth tax on households with net worth of more than 1.3 million euros.
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