French president Francois Hollande suffered a major political blow over the weekend when his flagship policy to heavily tax the very rich was struck down ... over France's tax-evading budget minister is threatening to engulf Hollande's government, which ...
EUobserver · 5y
Well, for Depardieu, it comes down to taxes. Under President Francois Hollande, France has been weighing a proposal for a 70 percent marginal tax rate on millionaires. Russia, on the other hand, offers a flat, 13 percent tax. Now, moving to tax havens is ...
CNN World · 5y
The French government has caught the ire of local entrepreneurs with the legalization of a "millionaire tax" on companies that pay salaries of more than 1 million euros ($1.37 million). Employers will have to pay a 50 percent tax on the portion of any ...
PARIS - France's Constitutional Council gave the green light on Sunday to the government's controversial 'millionaire tax', to be levied on companies that pay salaries of more than 1 million euros ($1.38 million) a year. The measure, introduced in line ...
This worked so well for France that Belgium had a real estate boom with the new tax on millionaires was announced. And New Jersey learned that millionaires have a tendency to leave when confronted with higher taxes. But Illinois? Well, per Michael ...
Hot Air · 4y
(Newser) – A poll out today continues to give Francois Hollande the edge over Nicolas Sarkozy in round one of France's presidential election ... That's the income tax rate Hollande believes the biggest earners should pay, and will push for.
Newser · 6y
A controversial tax of 75 per cent on the highest earners in France has been approved by the nation's top court. A key policy of President Francois Hollande, a new 'millionare's tax' will levied on companies that pay salaries of more than €1million-a ...
Despite that, controversy has continued to rage over the 75% measure. French media has been rife with reports of millionaires fleeing France to take up foreign homes with lower tax structures — an exodus impossible to prove, given the dearth of ...
Time World · 5y
French actor Gerard Depardieu left his home country to avoid what he described as a severe increase in income taxes, drawing a storm of criticism from France and fellow citizens. Accordingly, Schiller said, high-profile millionaires are unlikely to want to ...
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 employers? Because that ...