New Home Owners And Snagging Forum
General Categories => Current Affairs => Topic started by: The Prophet on April 18, 2012, 11:38:33 am
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The French are raging about the injustices exposed by the financial crisis and want to target the mega-rich.
In the current elections if the left win France could end up taxing the rich more than any other nation in Europe.
Front runner Francois Hollande, has promised a 75% tax rate on all earnings over €1million (£826,000).
His opponent Jean-Luclénchon, who is third in the polls, goes further promising to cap CEO salaries at €360,000 and tax the remainder at 100%.
In comparison the British government, in possibly the worst Budget in a generation, reduced income tax rates for the rich by 5% to a paltry 45%.
Stating that higher taxes for the rich could damage our economy.
At the same time, tax exemption for 100% of all charity donations was limited to £50,000, age-related allowances pensioners were withdrawn and 20% VAT was added to hot pies and pasties.
We now live in a country where a hot pie is taxed and caviar is tax-free.
"Let them eat cake" !