Emmanuel Macron’s office announced a new government on Monday, after the previous cabinet collapsed in a historic vote prompted by fighting over the country’s budget.
Newly installed Prime Minister Francois Bayrou put together the government, which includes members of the outgoing conservative-dominated team and new figures from centrist and left-leaning backgrounds. The new government comes in after months of political deadlock and pressure from financial markets to reduce France’s colossal debt. Mr Bayrou’s decades of political experience are seen as vital in efforts to restore stability.
Marine Le Pen’s far-right party helped bring down the previous government, and Mr Bayrou’s cabinet will seek to rely on moderate politicians from right and left to stay in power. Banker Eric Lombard will be finance minister, a crucial post while France is working to fulfil its promises to European Union partners to reduce its deficit, which is estimated to reach 6 per cent of its gross domestic product this year.
Bruno Retailleau stays on as interior minister, with responsibility for France’s security and migration policy. Sebastien Lecornu, who has been at the forefront of France’s military support for Ukraine, remains defence minister, while Foreign Minister Jean-Noel Barrot also retains his post. Among the new faces are two former prime ministers: Manuel Valls will be minister for overseas affairs and Elisabeth Borne will oversee the education ministry.
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What is double taxation?
Americans living abroad file taxes with the Internal Revenue Service, which can cost hundreds of dollars to complete even though about 60 per cent do not owe taxes, according to the Taxpayer Advocate Service
Those obligations apply to millions of Americans residing overseas – estimates range from 3.9 million to 5.5 million – including so-called “accidental Americans” who are unaware they hold dual citizenship
The double taxation policy has been a contentious issue for decades, with many overseas Americans feeling that it punishes them for pursuing opportunities abroad
Unlike most countries, the US follows a citizenship-based taxation system, meaning that Americans must file taxes annually, even if they do not earn any income in the US.
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Publish date : 2024-12-23 10:50:00
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