Skip to comments.Indigestion for ‘les Riches’ in a Plan for Higher Taxes
Posted on 08/07/2012 7:40:04 PM PDT by Beave Meister
PARIS The call to Vincent Grandils Paris law firm began like many others that have rolled in recently. On the line was the well-paid chief executive of one of Frances most profitable companies, and he was feeling nervous.
President François Hollande is vowing to impose a 75 percent tax on the portion of anyones income above a million euros ($1.24 million) a year. Should I be preparing to leave the country? the executive asked Mr. Grandil.
The lawyers counsel: Wait and see. For now, at least.
Were getting a lot of calls from high earners who are asking whether they should get out of France, said Mr. Grandil, a partner at Altexis, which specializes in tax matters for corporations and the wealthy. Even young, dynamic people pulling in 200,000 euros are wondering whether to remain in a country where making money is not considered a good thing.
(Excerpt) Read more at nytimes.com ...
I don’t see a comments section - I’d love to see what the libs who read the slimes think.
I looked for it too. Disappointed, I was really hoping to read the idiotic comments from the hard core communist NYT readers.
Can’t believe this was in the New York Times. The stupidity of the French is shocking.
Found it interesting that France’s 33% corporate tax rate is considered high in Eurpoe. Wish the Times would have pointed out that the US rate is 35%.
And of course none of the cost will be passed on to the working class. It’s magic money—doesn’t have to come from anywhere.