(Reuters) - President Francois Hollande's Socialist government will likely ease tax hikes on small businesses in the 2013 budget after a chorus of complaints by French entrepreneurs, officials said on Thursday.
The climb-down comes less than a week after it unveiled 30 billion euros ($38.7 billion) of savings for 2013. It added to speculation that France will need a supplementary budget next year to stick to a deficit target of 3 percent of output vital to its credibility with euro zone partners and markets.
At issue is a 2-billion-euro increase in capital gains taxes on equity sales which business leaders argue will penalize entrepreneurs who sell their business, thus discouraging them from getting it off the ground in the first place.
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