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 …
PARIS — It was supposed to force millionaires to pay tax rates of up to 75 percent: "Cuba without the sun," as described by a critic from the banking industry. Socialist President Francois Hollande's super tax was rejected by a court, …
Millionaires represent the ... Republicans now want to make these tax breaks for the wealthy permanent, perhaps to guarantee embellishments to their ornate villas in Italy and alpine chateaus in France We must extinguish once and for …
PARIS (Reuters) - France's Constitutional Council gave the green light on Sunday to a 'millionaire's 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 with a …
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 per ...
Millionaires are defined as those with net assets of more than $1 million, working and living in the country including expats. France is also among the top three countries with high exodus because of high taxes – new president Emmanuel …
The budget, approved by France’s cabinet on Friday, said that the creation of a new 75 percent tax on millionaires and higher marginal tax rates on high earners would raise some 530 million euros next year. The lowering of the threshold …
This past week, President Obama tried to sell his new “millionaires’ tax” to the Rust Belt ... 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 ...
PARIS — A little over a year ago, some of the most prominent and wealthy executives in France signed a petition seeking higher taxes on themselves ... private equity managers and others who are millionaires, or want to become millionaires, …