It looks like the French are getting serious about economic fairness. They are imposing a 75% tax on the corporations paying salaries over 1 million.
http://money.cnn.com/2013/12/30/news...french-tax-75/
With the gap between the rich and poor getting larger and larger and CEO salaries rising to tens of millions of dollars (even as high as 30 and 40 million dollars) is this the wave of the future worldwide? With most countries having huge deficits, it looks like something has to be done and the French are making a statement. Of course, many of the rich (including athletes) don't like it, and some are threatening to move out of the country.
I see where they are taxing the corporations who are paying the large salaries. The article is not that clear on the taxes paid by the individuals themselves. I think this new tax idea will certainly go over better with the public than moving the retirement age further ahead.
Yes, sooner or later something needs to be done and I guess we'll see what happens in the rest of the world regarding the deficits.
Come in and tell us if you agree or disagree with what the French are doing.
http://money.cnn.com/2013/12/30/news...french-tax-75/
With the gap between the rich and poor getting larger and larger and CEO salaries rising to tens of millions of dollars (even as high as 30 and 40 million dollars) is this the wave of the future worldwide? With most countries having huge deficits, it looks like something has to be done and the French are making a statement. Of course, many of the rich (including athletes) don't like it, and some are threatening to move out of the country.
I see where they are taxing the corporations who are paying the large salaries. The article is not that clear on the taxes paid by the individuals themselves. I think this new tax idea will certainly go over better with the public than moving the retirement age further ahead.
Yes, sooner or later something needs to be done and I guess we'll see what happens in the rest of the world regarding the deficits.
Come in and tell us if you agree or disagree with what the French are doing.
via JREF Forum http://forums.randi.org/showthread.php?t=271294&goto=newpost
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