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Montevideo, September 30th 2023 - 12:30 UTC
A French court has approved a highly controversial “millionaire tax” on annual salaries above €1 million. The super tax, one of President Francois Hollande’s signature policies, has infuriated business leaders and football clubs. Read full article
Good job Hollande!
French manufacturing PMI (47) in contraction territory for 20 consecutive months, while UK and Germany continue healthy expansion at 57 and 54 respectively.
Tax the rich some more, that will help. lol
You don’t think this guy is Robespierre reincarnate do you?
Yes, let’s chase all the people making money or with money out of the country.
Bit like Pepe and Stevie (wanabe Uruguayo, presently ex-pat Uruguayo).
I suspect the dramatic fall from grace that Robespierre experienced will be reincarnated soon as well.
This is a stupid move by France, the people with money will take it and leave. Foolish policy.
it will be interesting to see if a business exodus takes place. Taxation needs to be shared in a proportional equivalency, but they are being crazy. If I were a french company I would ultimately be moving, incorporated basis and all. Looks like a corporate shopping holiday is coming in France for some businesses.
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