President Emmanuel Macron announced cutback in taxes in response to the Yellow Vest protestors’ outcry. The President supported the new development in order to restore the gap between the social classes of the country.
The yellow vest protestors (Les gilets jaunes) had taken to the streets of France since mid-November. A significant social demurral was to be witnessed among the demonstrators, who demanded a cut down on fuel taxes. The almost 20% hike on diesel prices had caused an uproar among the country’s common civilians. The rage morphed more so when the president annulled a special tax for the country’s privileged classes and favored the affluent unjustly. In the wake of the national debate the government finally conceded to the social demands.
France is recorded to have the highest tax rate and social spending among developed countries.