Flush French are fleeing the new government's attempts to repair France's public finances by increasing taxes... Among the controversial proposals in the 2013 draft budget is a 75% tax rate on salaries higher than $1.3 million, up from less …
Hillary Clinton called for a new “fair share surcharge” tax of 4 percent on multi-millionaires Tuesday ... tax that kicks in at a far lower income threshold. Taxpayers in France are charged an extra 4 percent there on earnings above $542,000 …
With the recent announcement by France’s Socialist president, François Hollande, of a tax plan to soak the rich, should Americans and others get ready for another French emigration, not of explorers but of entrepreneurs and other …
giving rise to a new class of millionaires, like Stephane Richard, CEO of France Telecom. France has also alienated the wealthy in the past with policies such as the ISF tax, or wealth tax, which was passed in 1989 by Socialist president …
Millionaire emigration also hits government tax revenues and may be associated with loss of jobs and money outflows that can impact property prices and the financial markets. "France is being heavily impacted by rising religious …
PARIS (Reuters) - The derailment of President Francois Hollande's 75 percent millionaires' tax presents a chance to water down a scheme which hurt France's image with investors but the Socialist leader is unlikely to give up without a …
The millionaire exodus could also hurt local economies, as many are business owners employing people and paying high taxes, the report said.
New World Wealth said about 12,000 millionaires left France, with Amoils telling CNBC they left the country because of high taxes on the wealthy and growing tension over religion. About 9,000 millionaires departed China, while 8,000 left …
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A dozen of France 's 32 ministers are millionaires, according to the declarations they ... contrasting the slashing of the wealth tax to budget cuts affecting the less well-off, will see their view comforted by the figures. However, the proportion …
3) Millionaires pay proportionately less income tax than poorer people ... That might have been true in pre-revolutionary France, where the nobility was exempt from most taxation (and why so many were subject to a brief meeting with Dr. …