A court's rejecting of President
Francois Hollande's 75 percent millionaire taxation shows a limits
on his ability to daub high earners, even as a statute is
unlikely to attract investors and executives behind to France.
"For investors and entrepreneurs, it shows that France
can't be confiscatory, that there are manners that have to be
followed," says Laurent Dubois, a highbrow during a Institute of
Political Studies in Paris. Still, "the supervision won't drop
the idea, and a explanation from a top levels of
government is anti-rich, and that's a red flag."
The tax, one of Hollande's debate promises, had turn a
focal indicate of displeasure among entrepreneurs and other wealth
creators, some of whom have quit French shores as a result. The
ruling comes as a president
Read full article: http://www.smh.com.au/national/gillard-told-boss-she-was-in-the-dark-on-loan-20121122-29tay.html
Source:
http://www.news.ezonearticle.com/2012/12/30/hollandes-75-tax-rate-loss-shows-limit-of-ability-to-tap-rich/
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