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A giant French national flag flutters under the Arc de Triomphe monument in Paris, France, during the Armistice Day commemorations marking the end of World War I, Friday, Nov. 11, 2016. (Stephane de Sakutin/ Pool Photo via AP)

France just raised a 'terror tax' to support the victims of terror attacks


French citizens will contribute an extra 1.60 euros ($1.67) on their property insurance policies to help finance a fund for victims of the extremist attacks that have recently hit the country.

The measure comes into force on Sunday and requires policy holders to contribute 5.90 euros instead of 4.30 euros.

French government officials said in October when they revealed the scheme that about 90 million insurance policies are floating the fund, which currently has reserves of 1.45 billion euros.

More than 200 people have died in France in attacks over the last 20 months. The Bastille Day truck attack in Nice that left 86 dead this summer costed between 300 and 400 million euros, approximatively the same as the Nov. 13 attacks in Paris, which killed 130 people.

(The Associated Press contributed to this report)

Some online have strong feelings about the implementation of such a tax.

Others think that a better solution would be to close France's borders.


For more, check out the 60 Second Circa. 

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