Tax cuts -- a fixture of the political debate in the U.S., where ... Germany's gross national debt amounted to 65% of GDP last year, compared with 97% for France, 108% for the U.S. and 240% for Japan, according to the IMF. The national …
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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That's what some of the world's largest wealth-management firms are saying ahead of Washington's implementation of the Foreign Account Tax Compliance Act ... Its number of millionaires climbed 9.7 percent in 2010 to 3.3 million people, …
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 …
Millionaires or High Net Worth Individuals (HNWIs) refer to individuals with net assets of USD 1 million or more. According to the report, France saw the maximum outflow ... in Europe and it has lower inheritance taxes than the US and much …
Instead, he whinged, only wealthy foreign residents should have to fork out. The Scot, 66, said: “I’ve got a villa in France and I pay £40,000 a year tax on it. But there only foreign residents pay. I feel the same rules ought to apply to any UK ...