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75% Tax in France

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  • 75% Tax in France

    As French President François Hollande outlined new taxes and spending cuts while promoting reforms to turn the economy around – word leaked out that France’s wealthiest man, Bernard Arnault, was heading for Belgium in a rumored tax dodge.

    At first, the timing could not appear to have been worse for the national morale and Mr. Hollande. His tax hikes run 20 billion euros, his spending cuts number 10 billion euros, and his Socialist government must cut public service jobs. In addition, he will hit those with direct salaries over 1 million euros ($1.3 million) with a 75 percent tax.


    http://www.csmonitor.com/World/Europ...become-Belgian
    Winning means you're willing to go longer, work harder, and give more than anyone else - Vince Lombardi

  • #2
    Originally posted by Hortical View Post
    As French President François Hollande outlined new taxes and spending cuts while promoting reforms to turn the economy around – word leaked out that France’s wealthiest man, Bernard Arnault, was heading for Belgium in a rumored tax dodge.

    At first, the timing could not appear to have been worse for the national morale and Mr. Hollande. His tax hikes run 20 billion euros, his spending cuts number 10 billion euros, and his Socialist government must cut public service jobs. In addition, he will hit those with direct salaries over 1 million euros ($1.3 million) with a 75 percent tax.


    http://www.csmonitor.com/World/Europ...become-Belgian

    Can we get Zlatan's reaction?
    "Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article)

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    • #3
      Ibrahimovic's PSG salary 'disgusts' French politicians

      Ibrahimovic's PSG salary 'disgusts' French politicians

      It has been reported in the French media that the 30-year-old former Barcelona player will receive an eye-watering salary of around €14 million a year after tax – a record-breaking sum for French football.

      also
      In order to pay Ibrahimovic €14 million a year, it has been estimated that PSG will have to shell out a further €21 million per year to the French state in taxes and social charges.

      read more
      http://www.france24.com/en/20120718-...ball-tax-wages
      Winning means you're willing to go longer, work harder, and give more than anyone else - Vince Lombardi

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