Welcome, Guest. Please login or register.
Did you miss your activation email?
November 26, 2014, 08:50:12 am
HomePredMockPollEVCalcAFEWIKIHelpLogin Register
News: Atlas Hardware Upgrade complete October 13, 2013.

+  Atlas Forum
|-+  General Politics
| |-+  International General Discussion (Moderators: Peter, afleitch)
| | |-+  Hollande's proposed tax hikes may drive businesspeople from France.
« previous next »
Pages: [1] 2 3 Print
Author Topic: Hollande's proposed tax hikes may drive businesspeople from France.  (Read 1826 times)
Jbrase
YaBB God
*****
Posts: 5952
United States


Political Matrix
E: 6.32, S: -5.74


View Profile
« on: August 08, 2012, 11:07:58 am »
Ignore

Quote
PARIS — The call to Vincent Grandil’s Paris law firm began like many others that have rolled in recently. On the line was the well-paid chief executive of one of France’s most profitable companies, and he was feeling nervous.

 President François Hollande is vowing to impose a 75 percent tax on the portion of anyone’s income above a million euros ($1.24 million) a year. “Should I be preparing to leave the country?” the executive asked Mr. Grandil.

The lawyer’s counsel: Wait and see. For now, at least.

“We’re 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.”

http://www.nytimes.com/2012/08/08/business/global/frances-les-riches-vow-to-leave-if-75-tax-rate-is-passed.html?_r=2&adxnnl=1&hpw&adxnnlx=1344438033-SD7YkmMT4TTd3KFVDWBoqw

lol French...

« Last Edit: August 08, 2012, 02:46:15 pm by Speaker Jbrase »Logged

Lol at those who think Barrow will lose.
Are they trying to fit in as many junk polls before Tuesday as possible?
Glorious news! even Quinnijunk can't get condom hater outside the margin of error, Udall is on track to deliver a good whipping[/q
Rhodie
Full Member
***
Posts: 245
South Africa


View Profile
« Reply #1 on: August 08, 2012, 11:16:20 am »
Ignore

Good on 'em.
Logged

Economic score: +6.19
Social score: +2.61

"Freedom. And Justice. If you have those two, it covers everything. You must stick to those principles and have the courage of your convictions"

Grumps
GM3PRP
YaBB God
*****
Posts: 34635
India
View Profile
« Reply #2 on: August 08, 2012, 11:25:40 am »
Ignore

Remind me to be surprised.
Logged

updaters remind me of scumbags.


Tomorrow, I will probably have Chick-fil-a for lunch and try to eat light when I go to the McDonald's on the turnpike for dinner.
ZuWo
YaBB God
*****
Posts: 4473
Switzerland


View Profile
« Reply #3 on: August 08, 2012, 12:34:36 pm »
Ignore

This looks like economic suicide, but I'm not really surprised. If this comes true, I expect more wealthy French citizens to move to countries with a lower tax burden (e.g. Switzerland).
Logged
Sibboleth
Realpolitik
YaBB God
*****
Posts: 57035
Saint Helena


View Profile WWW
« Reply #4 on: August 08, 2012, 12:43:12 pm »
Ignore

'may'
Logged

"I have become entangled in my own data, and my conclusion stands in direct contradiction to the initial idea from which I started. Proceeding from unlimited freedom, I end with unlimited despotism. I will add, however, that there can be no solution of the social formula except mine."
Antonio V
YaBB God
*****
Posts: 31303
France


Political Matrix
E: -6.45, S: -4.87

P P P

View Profile
« Reply #5 on: August 08, 2012, 01:12:12 pm »
Ignore

When a sovereign government takes a policy decision, good or bad, and the concerned citizens find a morally dubious way to circumvent decision, what is the reaction of the media and commentators ? They express contempt toward the assholes ? No way ! They poke fun at said government.

World is a sad place.
Logged

HashCAN     americans saw the EP elections and people cringing at Europeans being morons and electing Nazis; so they massively said "NO" and decided to prove that they're still bigger morons



"A reformist is someone who realizes that, when you bang your head on a wall, it's the head that breaks rather than the wall."

Peppino, from the movie Baaria
Rhodie
Full Member
***
Posts: 245
South Africa


View Profile
« Reply #6 on: August 08, 2012, 01:15:21 pm »
Ignore

When a sovereign government takes a policy decision, good or bad, and the concerned citizens find a morally dubious way to circumvent decision, what is the reaction of the media and commentators ? They express contempt toward the assholes ? No way ! They poke fun at said government.

World is a sad place.

Or maybe the government is deploying ridiculously outdated socialist ideologies. These people are not assholes. Would you be happy if a 75% tax were levied on your earnings?
Logged

Economic score: +6.19
Social score: +2.61

"Freedom. And Justice. If you have those two, it covers everything. You must stick to those principles and have the courage of your convictions"

Dereich
YaBB God
*****
Posts: 1986


View Profile
« Reply #7 on: August 08, 2012, 01:44:28 pm »
Ignore

When a sovereign government takes a policy decision, good or bad, and the concerned citizens find a morally dubious way to circumvent decision, what is the reaction of the media and commentators ? They express contempt toward the assholes ? No way ! They poke fun at said government.

World is a sad place.

From what you're saying if both the decisions of the government and the citizens are wrong, we should attribute more blame to the citizens.  Are you saying we should automatically give the government the benefit of the doubt instead of the citizens?
Logged
Antonio V
YaBB God
*****
Posts: 31303
France


Political Matrix
E: -6.45, S: -4.87

P P P

View Profile
« Reply #8 on: August 08, 2012, 02:05:11 pm »
Ignore

When a sovereign government takes a policy decision, good or bad, and the concerned citizens find a morally dubious way to circumvent decision, what is the reaction of the media and commentators ? They express contempt toward the assholes ? No way ! They poke fun at said government.

World is a sad place.

Or maybe the government is deploying ridiculously outdated socialist ideologies. These people are not assholes. Would you be happy if a 75% tax were levied on your earnings?

If one earns one f**king million and bitches about how much taxes he pays despite the fact that even after paying them he still lives better than 95% of the population, yes, such person is a despicable asshole.


When a sovereign government takes a policy decision, good or bad, and the concerned citizens find a morally dubious way to circumvent decision, what is the reaction of the media and commentators ? They express contempt toward the assholes ? No way ! They poke fun at said government.

World is a sad place.

From what you're saying if both the decisions of the government and the citizens are wrong, we should attribute more blame to the citizens.  Are you saying we should automatically give the government the benefit of the doubt instead of the citizens?

Since people voted for Hollande, whose program included said tax proposal, just three months ago, it can be said that it's the citizens who took the decision already. What's happening is that a small part of the citizens doesn't like it and strives to circumvent the decision.
Logged

HashCAN     americans saw the EP elections and people cringing at Europeans being morons and electing Nazis; so they massively said "NO" and decided to prove that they're still bigger morons



"A reformist is someone who realizes that, when you bang your head on a wall, it's the head that breaks rather than the wall."

Peppino, from the movie Baaria
Rhodie
Full Member
***
Posts: 245
South Africa


View Profile
« Reply #9 on: August 08, 2012, 02:10:10 pm »
Ignore

When a sovereign government takes a policy decision, good or bad, and the concerned citizens find a morally dubious way to circumvent decision, what is the reaction of the media and commentators ? They express contempt toward the assholes ? No way ! They poke fun at said government.

World is a sad place.

Or maybe the government is deploying ridiculously outdated socialist ideologies. These people are not assholes. Would you be happy if a 75% tax were levied on your earnings?

If one earns one f**king million and bitches about how much taxes he pays despite the fact that even after paying them he still lives better than 95% of the population, yes, such person is a despicable asshole.


When a sovereign government takes a policy decision, good or bad, and the concerned citizens find a morally dubious way to circumvent decision, what is the reaction of the media and commentators ? They express contempt toward the assholes ? No way ! They poke fun at said government.

World is a sad place.

From what you're saying if both the decisions of the government and the citizens are wrong, we should attribute more blame to the citizens.  Are you saying we should automatically give the government the benefit of the doubt instead of the citizens?

Since people voted for Hollande, whose program included said tax proposal, just three months ago, it can be said that it's the citizens who took the decision already. What's happening is that a small part of the citizens doesn't like it and strives to circumvent the decision.

All 51% of them. Well the economies stuffed anyway so its all immaterial really whether they stay or go. But good for the countries they emigrate to.
Logged

Economic score: +6.19
Social score: +2.61

"Freedom. And Justice. If you have those two, it covers everything. You must stick to those principles and have the courage of your convictions"

Sibboleth
Realpolitik
YaBB God
*****
Posts: 57035
Saint Helena


View Profile WWW
« Reply #10 on: August 08, 2012, 02:11:30 pm »
Ignore

'may'

Let's highlight this point again. Articles like this have been appearing all over the place for quite a while now. In any case, the impact of this kind of thing tends to be grossly exaggerated, generally for reasons that are hilariously transparent.
Logged

"I have become entangled in my own data, and my conclusion stands in direct contradiction to the initial idea from which I started. Proceeding from unlimited freedom, I end with unlimited despotism. I will add, however, that there can be no solution of the social formula except mine."
Acting like I'm Morrissey w/o the wit
Leftbehind
YaBB God
*****
Posts: 3179
United Kingdom


View Profile
« Reply #11 on: August 08, 2012, 02:17:11 pm »
Ignore

Here's hoping Hollande's the first of several to implement such a tax, with future incoming left-leaning governments eventually doing so.
Logged

Rhodie
Full Member
***
Posts: 245
South Africa


View Profile
« Reply #12 on: August 08, 2012, 02:21:19 pm »
Ignore

Here's hoping Hollande's the first of several to implement such a tax, with future incoming left-leaning governments eventually doing so.


Head collides with monitor
Logged

Economic score: +6.19
Social score: +2.61

"Freedom. And Justice. If you have those two, it covers everything. You must stick to those principles and have the courage of your convictions"

Acting like I'm Morrissey w/o the wit
Leftbehind
YaBB God
*****
Posts: 3179
United Kingdom


View Profile
« Reply #13 on: August 08, 2012, 02:30:38 pm »
Ignore

Hope it hurt.
Logged

RogueBeaver
YaBB God
*****
Posts: 14908
Canada


View Profile
« Reply #14 on: August 08, 2012, 02:33:02 pm »
Ignore

Somehow I'm not surprised.
Logged

7.35, 3.65

« Les plus nobles principes du monde ne valent que par l’action.  » - Charles de Gaulle



Is it excessive to hold a politician's feet to the fire for giving his base the run around at every turn?
Sibboleth
Realpolitik
YaBB God
*****
Posts: 57035
Saint Helena


View Profile WWW
« Reply #15 on: August 08, 2012, 02:34:34 pm »
Ignore

I don't normally do this but the tone of the thread is so low that... er... the 'r' in 'proposed' is not where you think it is. Every time I see this thread I think of porpoises.
Logged

"I have become entangled in my own data, and my conclusion stands in direct contradiction to the initial idea from which I started. Proceeding from unlimited freedom, I end with unlimited despotism. I will add, however, that there can be no solution of the social formula except mine."
Rhodie
Full Member
***
Posts: 245
South Africa


View Profile
« Reply #16 on: August 08, 2012, 02:45:17 pm »
Ignore

Hope it hurt.

It's in not as bad a state in as the French economy will be in a years time.
Logged

Economic score: +6.19
Social score: +2.61

"Freedom. And Justice. If you have those two, it covers everything. You must stick to those principles and have the courage of your convictions"

Foucaulf
YaBB God
*****
Posts: 708


View Profile
« Reply #17 on: August 08, 2012, 02:46:02 pm »
Ignore

From the article:

Quote
But because there are relatively few people in France whose income would incur such a tax — an estimated 7,000 to 30,000 in a country of 65 million — the gains might contribute but a small fraction of the 33 billion euros in new revenue the government wants to raise next year to help balance the budget.

Quantitatively it is not that big of a deal, like most tax hikes these days bar the VAT, so the effect is psychological. I would rather have the average French hate 20000 bankers than 3 million Muslims.

Something that isn't immediately obvious is the bias caused by interviewing tax lawyers - of course they benefit from any tax code revision. And they're smart enough to know there's a pool of indebted MBAs who will take any new vacancy.
Logged

Yes....7 senate seats changed hands and we are now Spain under France. You're understanding of American politics is impressive.
Spain under Francisco Franco, you idiot.
Jbrase
YaBB God
*****
Posts: 5952
United States


Political Matrix
E: 6.32, S: -5.74


View Profile
« Reply #18 on: August 08, 2012, 02:48:21 pm »
Ignore

I don't normally do this but the tone of the thread is so low that... er... the 'r' in 'proposed' is not where you think it is. Every time I see this thread I think of porpoises.

Thanks, was in a rush when I posted it.
Logged

Lol at those who think Barrow will lose.
Are they trying to fit in as many junk polls before Tuesday as possible?
Glorious news! even Quinnijunk can't get condom hater outside the margin of error, Udall is on track to deliver a good whipping[/q
Lief
YaBB God
*****
Posts: 34516


View Profile
« Reply #19 on: August 08, 2012, 02:59:42 pm »
Ignore

Take away their citizenship, prevent them from returning to the country ever again until they pay the taxes they owe with interest. Problem solved.
Logged

memphis
YaBB God
*****
Posts: 15333


View Profile
« Reply #20 on: August 08, 2012, 03:08:08 pm »
Ignore

Take away their citizenship, prevent them from returning to the country ever again until they pay the taxes they owe with interest. Problem solved.
You don't even need to do that. It's all a bunch of bull a la if Bush wins re-election, I'm moving to Canada.
Logged

I cannot do anything good under my own power. 
I don't want my women talking to people
TheDeadFlagBlues
YaBB God
*****
Posts: 3717
Mexico


View Profile
« Reply #21 on: August 08, 2012, 04:21:32 pm »
Ignore

I feel like these articles are written anytime a government that's anywhere to the left of center tries to raise taxes. The emigration rare materialises because people aren't "rational" and chose to live where they live based off of non-monetary reasons, especially once they reach a certain luxurious living standard.
Logged



Economic score: -6.26
Social score: -7.74
Tetro Kornbluth
Gully Foyle
YaBB God
*****
Posts: 11492
Ireland, Republic of


View Profile
« Reply #22 on: August 08, 2012, 04:38:27 pm »
Ignore

Haven't they been threatening this for months now?

Logged



Quote
Keith R Laws ‏@Keith_Laws  Feb 4
As I have noted before 'paradigm shift' is an anagram of 'grasp dim faith'
You kip if you want to...
change08
YaBB God
*****
Posts: 8783
United Kingdom


View Profile
« Reply #23 on: August 08, 2012, 05:07:20 pm »
Ignore

Most of them will have been avoiding tax to begin with anyway.

Governments should govern for the people who elect them and not the markets who try and rig things in their own favour at the expense of the electorate. Hollande deserves ever commendation for this - it's gutsy and I'd love to see Labour and the German SDP take up the policy.
Logged

Sibboleth
Realpolitik
YaBB God
*****
Posts: 57035
Saint Helena


View Profile WWW
« Reply #24 on: August 08, 2012, 08:29:16 pm »
Ignore

Haven't they been threatening this for months now?

Oh yes.
Logged

"I have become entangled in my own data, and my conclusion stands in direct contradiction to the initial idea from which I started. Proceeding from unlimited freedom, I end with unlimited despotism. I will add, however, that there can be no solution of the social formula except mine."
Pages: [1] 2 3 Print 
« previous next »
Jump to:  


Login with username, password and session length

Logout

Powered by SMF 1.1.20 | SMF © 2013, Simple Machines