French court rejects 75 percent millionaires’ tax

Emile Picy and Catherine Bremer Reuters 12/29/2012

France’s Constitutional Council on Saturday rejected a 75 percent upper income tax rate to be introduced in 2013 in a setback to Socialist President Francois Hollande’s push to make the rich contribute more to cutting the public deficit.

The Council ruled that the planned 75 percent tax on […]

Gérard Depardieu says he will give up French passport over tax rises

Actor attacks French government for punishing talent as he moves to Belgium

The Guardian [UK] 16 December 2012

Gérard Depardieu has said he is handing back his French passport and social security card, lambasting the French government for punishing “success, creation, talent” in his homeland.

A popular and colourful figure in France, the 63-year-old actor […]

Protests in French cities against plans to legalize gay marriage

Reuters 11/17/2012

Tens of thousands of people, joined by Catholic church leaders, marched in cities across France on Saturday to protest against government plans to legalize same-sex marriage.

Demonstrators, holding banners with slogans such as “don’t touch civil marriage”, “all born from the union of a man and a woman” and “one father + one […]

Paris Luxury Apartment Prices Slide As French

Tyler Durden ZeroHedge 10/7/2012

Back in July, when the news of the French foray into the “fairness doctrine” hit, and we learned of Hollande’s plan to tax all those making over €1 million at a 75% tax rate, we said that “we are rotating our secular long thesis away from Belgian caterers and into tax […]

UN calls for ‘billionaires tax’ to help world’s poor

Jeff G. Protein Wisdom 7/7/2012

…The United Nations on Thursday called for a tax on billionaires to help raise more than $400 billion a year for poor countries…

…who are [the wealthy] to decide what it is they do with the money they’ve earned. That’s the kind of decision that should be left up to […]

Francois Hollande announces French tax grab on holiday homes

British owners of holiday homes in France are to be hit with punitive tax rises under plans announced on Wednesday by the new Socialist government.

Henry Samuel The Telegraph [UK] 04 Jul 2012

Approximately 200,000 Britons own second homes in areas such as the Dordogne and other parts of France, particularly those serviced by budget […]

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