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EU: [President] Francois Hollande announces French tax grab on holiday homes
The Telegraph ^ | 7/4/2012 | Henry Samuel, Paris

Posted on 07/04/2012 3:10:25 PM PDT by bruinbirdman

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

Now, however, holiday home owners find themselves in the sights of President François Hollande as he seeks to tax the better-off to reduce France's large budget deficit.

On Wednesday (July 4th), the French government announced it was to increase taxes on foreign-owned second homes. Tax on rental income would rise from 20 per cent to 35.5 per cent, and capital gains tax on property sales would rise from 19 per cent to 34.5 per cent. The extra in each case is being labelled a "social charge".

A Treasury source said on Wednesday night: "We will need to study the details. But we will of course challenge any proposal which breaches European single market laws and anti-discrimination rules."

It is understood that President Sarkozy proposed a similar tax increase last year which was also challenged by the British Government.

David Cameron infuriated the French last month by promising Britain would "roll out the red carpet" to wealthy French citizens and companies who wanted to emigrate and pay their taxes in Britain.

Holiday home owners already pay two other taxes to the French government: the taxe fonciere, which is paid by the house owner and the taxe d'habitation, which is paid by those who live in it.

The tax rises are part of a wider package of increases that are intended to raise €7.2 billion (£5.8 billion) to meet a budget deficit target of 4.5 per cent after the government of Nicolas Sarkozy left the French exchequer with an expenditure black hole.

An additional €2.3 billion (£1.8 billion) will be raised from a levy on those whose net wealth is €1.3 million

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: europeanunion; france; hollandetaxhike

1 posted on 07/04/2012 3:10:28 PM PDT by bruinbirdman
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To: bruinbirdman

Doesn’t Johnny Depp, Barbara Streisand and other well known America hating Hollywood elites have 2nd, 3rd, 4th homes in France?


2 posted on 07/04/2012 3:15:49 PM PDT by albie
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To: bruinbirdman

This is wonderful and im so happy to watch it happen. The Obama organizers who put together his french version of the “Hope” campaign won. Now France, and Britons who own homes in France, can enjoy what they were so happy for us to have.

Enjoy yourselves A-holes.


3 posted on 07/04/2012 3:17:31 PM PDT by DesertRhino (perI was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office.)
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To: albie

If they do have homes in France they, being good socialists, will be happy to pay.


4 posted on 07/04/2012 3:18:04 PM PDT by saganite (What happens to taglines? Is there a termination date?)
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To: bruinbirdman
I can recall being in France many years ago after they elected another hard core socialist, Francois Mitterand, as their new president. He started off his administration with a similar, albeit less, hare brained set of anti-capitalist policies and within six months the French economy was on the ropes. Mitterand reversed course, became what amounted to a center right president dressed as a socialist, and was overall a pretty good friend to the USA and President Reagan.

I am not at all sure this fellow is as clever and willing to change stripes to save himself as Francois. He strikes me as much more of a Marxist ideologue. If so, mes amis ... you are all royally fucqued.

5 posted on 07/04/2012 3:18:54 PM PDT by katana (Just my opinions)
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To: bruinbirdman

Time for you libs to pay up. :)


6 posted on 07/04/2012 3:19:33 PM PDT by Tzimisce (THIS SUCKS)
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To: katana
France has decided to increase social benefits and taxes at exactly the wrong time.

They will have to reverse course in 6 months or the Euro and about half a dozen governments will be going out of business.

7 posted on 07/04/2012 3:21:13 PM PDT by Former Proud Canadian (Obamanomics-We don't need your stinking tar sands oil, we'll just grow algae.)
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To: bruinbirdman
This is the guy that's clamping down on companies that lay off workers. Source.
8 posted on 07/04/2012 3:24:51 PM PDT by upchuck (FACEBOOK... Share pointless stuff with friends you don't know. Beg for intrusion into your life.)
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To: bruinbirdman

They won’t get much from rental income taxes. When I went to Paris in 2008, we rented a nice appartement across from the Jardin de Luxembourg for a week. Of course, we had to pay in euros, cash.


9 posted on 07/04/2012 3:27:00 PM PDT by grumpygresh (Democrats delenda est; zero sera dans l'enfer bientot.)
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To: bruinbirdman

Imagine the blowback if Obama purposed to tax any home or second home over $500,000 a surcharge of 10 percent tax...because they rich...

Since most limo libs and hollyweird types are living in such homes I think it’s a great idea..../s


10 posted on 07/04/2012 3:34:48 PM PDT by Popman (When you elect a clown: expect a circus...)
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To: Former Proud Canadian
France has decided to increase social benefits and taxes at exactly the wrong time.

So have we.

11 posted on 07/04/2012 3:35:12 PM PDT by Vince Ferrer
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To: bruinbirdman
Angelina, Brad and Johnny are not going to be happy about this... clooney either.

LLS

12 posted on 07/04/2012 3:38:37 PM PDT by LibLieSlayer (Don't Tread On Me)
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To: bruinbirdman

Obamunism is spreading worldwide.


13 posted on 07/04/2012 3:41:33 PM PDT by CMailBag
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To: bruinbirdman

Okay, I know this will shock folks, but I think France may be on to something there. I’d tweak it just a bit though.

Since Democrats in the U. S. never think taxes are high enough, I think Congress should double the taxes on registered Democrats.

There. That ought to fix things. Forget about the “rich”, just tax folks who always advocate for higher taxes.

Then everyone will be happy...


14 posted on 07/04/2012 3:42:31 PM PDT by DoughtyOne (Remove all Democrats from the Republican party, and we won't have much Left, just a lot of Right.)
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To: LibLieSlayer
Silly you gotta know they will be exempt because they are special just like Mr. Hollandise sauce how many 2nd homes does that hack have. The Black Knight will most likely seize on this tax scheme for America. Viva La France
15 posted on 07/04/2012 3:47:00 PM PDT by funfan
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To: Vince Ferrer
Right, and that brings up another point.

Countries like France can afford to commit political and economic suicide every century or so. Their neighbors and the US are always there to pick them up when they come to their senses. Who picks up civilization when the USA commits suicide?

I like Americans in general. But I think you people have to start taking your democracy, and your votes for president in particular, more seriously.

Your recent choice for president has, basically, put the entire free world at risk. For the good of western civilization, please don't make that mistake again. The USA isn't France. You can't afford to be. Neither can civilization.

16 posted on 07/04/2012 3:47:05 PM PDT by Former Proud Canadian (Obamanomics-We don't need your stinking tar sands oil, we'll just grow algae.)
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To: LibLieSlayer

Seriously. Watch for some former Soviet Bloc country with a big lake to suddenly become the new ‘in’ place for the lib elite. Hell, perhaps IN Russia.

I’m totally serious. If not there, then somewhere outside France with a similar vibe or one that can be created to have one.


17 posted on 07/04/2012 3:48:37 PM PDT by Norm Lenhart
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To: DesertRhino

Ze frogs kicked out the sanest politican they’ve had in Sarkozy and replaced him with these doofus. Ya reap what ya sow.


18 posted on 07/04/2012 3:50:01 PM PDT by max americana (Make the world a better place by punching a liberal in the face)
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To: bruinbirdman
...capital gains tax on property sales would rise from 19 per cent to 34.5 per cent.

Possibly the mootest of moot points in history. Property values in France have been dropping like a rock, and the socialist government is unlikely to stop that trend.

19 posted on 07/04/2012 3:54:29 PM PDT by southernnorthcarolina ("Better be wise by the misfortunes of others than by your own." -- Aesop)
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To: bruinbirdman
...capital gains tax on property sales would rise from 19 per cent to 34.5 per cent.

Possibly the mootest of moot points in history. Property values in France have been dropping like a rock, and the socialist government is unlikely to stop that trend.

20 posted on 07/04/2012 3:54:43 PM PDT by southernnorthcarolina ("Better be wise by the misfortunes of others than by your own." -- Aesop)
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To: southernnorthcarolina

Repeated for emphasis, of course.


21 posted on 07/04/2012 3:56:27 PM PDT by southernnorthcarolina ("Better be wise by the misfortunes of others than by your own." -- Aesop)
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To: bruinbirdman

kinda hard to sell now with the tax increase


22 posted on 07/04/2012 4:00:53 PM PDT by hecht (restore Hetch-Hetchy, and screw San Francisco and Pelosi)
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To: bruinbirdman

"What's in your wallet... house, car, computer?"

23 posted on 07/04/2012 4:04:19 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat Party!)
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To: DoughtyOne
Right after the make it Illegal for Democrats / Liberals to have a lock on their Front Door. They should also be required to leave the keys in the ignition of their unlocked Car.

They love the Illegal Invaders, so why not let them into their Houses.

They should have to display a Gun Free Zone sign as well.

24 posted on 07/04/2012 4:11:00 PM PDT by Kickass Conservative (Godfathercare, either your Freedom or your Money will be on that Insurance Policy.)
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To: Norm Lenhart
"Watch for some former Soviet Bloc country with a big lake to suddenly become the new ‘in’ place for the lib elite. "

They recently turned the old Nazi resort in Prora on the Baltic into a youth hostel. Maybe the lib elites will flock there:

Prora

25 posted on 07/04/2012 4:13:10 PM PDT by mass55th (Courage is being scared to death - but saddling up anyway...John Wayne)
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To: katana

“Mitterand reversed course, became what amounted to a center right president dressed as a socialist, and was overall a pretty good friend to the USA and President Reagan.”

Agree!!! If all Socialists were like Mitterand, the world would be a MUCH BETTER place. He fully supported Reagan in our standoff with the Soviets, and for that I will always hold him in high regard. He was a great guy and badly needed, compared to some of the clowns over there.


26 posted on 07/04/2012 4:14:16 PM PDT by BobL
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To: Popman

“Imagine the blowback if Obama purposed to tax any home or second home over $500,000 a surcharge of 10 percent tax...because they rich...Since most limo libs and hollyweird types are living in such homes I think it’s a great idea..../s”

That’s why Obama doesn’t have the gonads to go after the upper middle class - the people that make $150k plus - that’s where the money is, but the bulk of those people are idiot liberals - and he cannot risk angering them, particularly where they are concentrated - in the Northeast and California.


27 posted on 07/04/2012 4:16:38 PM PDT by BobL
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To: Former Proud Canadian

>>> But I think you people have to start taking your democracy, and your votes for president in particular, more seriously. <<<

I hope you realize you’re preaching to the choir here. We take all those things seriously.

But your point about some of our citizens, and those that aren’t but still manage to get into a polling place, who don’t have a clue about any of it is understood.

The problem is that the Marxists and socialists have infested our schools, and rooting them out is not an easy task, and they’ve done serious damage to our nations youth.


28 posted on 07/04/2012 4:16:38 PM PDT by AFreeBird
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To: saganite

Socialists are happy when YOU pay your taxes,they’re pissed when they have to pay their own.


29 posted on 07/04/2012 4:20:58 PM PDT by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: All

Très bien Obamanomics français!


30 posted on 07/04/2012 4:34:27 PM PDT by Hotlanta Mike (Resurrect the House Committee on Un-American Activities (HUAC)...before there is no America!)
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To: Farmer Dean

Well, there was some sarcasm in my post.


31 posted on 07/04/2012 4:34:44 PM PDT by saganite (What happens to taglines? Is there a termination date?)
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To: bruinbirdman

Tax on rental income would rise from 20 per cent to 35.5 per cent

LOL HAHAHAHA good for Socialism - Go Team!!!


32 posted on 07/04/2012 4:35:29 PM PDT by bill1952 (Choice is an illusion created between those with power - and those without)
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To: mrsmith

“Last time I saw a mouth like that,there was a hook in it.”
R.Dangerfield


33 posted on 07/04/2012 4:37:57 PM PDT by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: AFreeBird
"I hope you realize you’re preaching to the choir here. We take all those things seriously."

Yes, I know.

34 posted on 07/04/2012 4:57:23 PM PDT by Former Proud Canadian (Obamanomics-We don't need your stinking tar sands oil, we'll just grow algae.)
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To: albie
hehehe. That was my first thought, all the expat wiseguys who never really dropped their citizenship but set up a home away from home in leFrance.
35 posted on 07/04/2012 5:52:10 PM PDT by hinckley buzzard
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To: hinckley buzzard

Don’t buy property in France. In six months you will be able get for a lot less.


36 posted on 07/04/2012 6:16:40 PM PDT by reg45 (Barack 0bama: Implementing class warfare by having no class!)
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To: bruinbirdman

Where is Henry V when England needs him?


37 posted on 07/04/2012 7:04:23 PM PDT by Mike Darancette (Democrats are the problem. Vote them out, all of them.)
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To: albie

Yeah. Love. It.


38 posted on 07/04/2012 8:28:55 PM PDT by Mamzelle
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To: funfan

You may be correct... I forgot how “special” rich and power communists and socialists are. Look at the obama clan.

LLS


39 posted on 07/05/2012 3:53:15 AM PDT by LibLieSlayer (Don't Tread On Me)
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To: Norm Lenhart

Today’s left would be more at home deep within china or maybe north korea. They would love that. The Pyong Yang Film Festival!

LLS


40 posted on 07/05/2012 3:56:44 AM PDT by LibLieSlayer (Don't Tread On Me)
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