France Raises Tax on the Rich to 75% in Order to Rescue the Economy
It's
now official. The top tax rate in France is now 75% for those who make
over a million euros. Moreover, there is a new band of 45% for those who
make over 150,000 euros. Don't forget the existing VAT on all
purchases. Europe is imploding and instead of fixing onerous work rules,
France Hits Rich and Business to Slash Deficit.Socialist President
Francois Hollande unveiled higher levies on business and a 75-percent
tax for the super-rich on Friday in a 2013 budget aimed at showing
France has the fiscal rigor to remain at the core of the euro…Read more...http://oilprice.com/Latest-Energy-News/World-News/France-Raises-Tax-on-the-Rich-to-75-in-Order-to-Rescue-the-Economy.html
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