France is taking back its title as the EU member state with the heaviest tax load on the average wage earner, according to a report by the Institut Economique Molinari.
The average French worker, with a tax load of 54.1%, will toil until July 17 to cover income taxes and social welfare charges in 2023. The worker has to wait until July 18 before his or her income can go to personal use, the nonprofit thinktank reports.
The report, based on Ernst & Young data, said France, which led the rankings until 2020, dethroned Austria this year, after that country, dropped to third place after implementing tax cuts. In Belgium, in second place, the average wage earner has to work for taxes until July 15.
The Institut Economique Molinari has offices in Paris, Brussels, and Montreal. Its French-language report is available online.
