“More than 8,000 French households’ tax bills topped 100 percent of their income last year, the business newspaper Les Echos reported on Saturday, citing Finance Ministry data. The newspaper said that the exceptionally high level of taxation was due to a one-off levy last year on 2011 incomes for households with assets of more than 1.3 million euros ($1.67 million). President Francois Hollande’s Socialist government imposed the tax surcharge last year, shortly after taking office. The government has been forced to redraft a proposed bill to levy a temporary 75 percent tax on earnings over 1 million euros, which had been one of Hollande’s campaign pledges.”
http://www.reuters.com/article/2013/05/18/us-france-tax-idUSBRE94H0AX20130518
Related posts:
Treasury chief Jacob Lew not worried about financial bubble
Defense industry consultants advise Arab nations on crowd control products
A ‘White Racism’ class just started at a Florida university
Barack Obama is pushing gun control at home, but he’s a killer abroad
British parliament votes against military strike on Syria
India’s financial prophet Raghuram Rajan to run central bank
Bitcoin mania: A week as a crypto-currency miner
Crooks steal $1.5M in iPads from JFK
Man held at Guantánamo for 13 years a case of mistaken identity: officials
Japanese Troops Storm California Beach as Marine Power Eyed
As Low Rates Depress Savers, Governments Reap Benefits
Lawyer suing Uber, Lyft has a new target: Home-cleaning startup Handy
Greek footballer given lifetime national ban after apparent Nazi salute
Palm scanning causing concern among Moss Bluff Elementary parents
With Affordable Care Act, Canceled Policies for New York Professionals