The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: dybdahl who wrote (4123)	2/10/2008 9:43:57 AM
From: Elroy Jetson	Read Replies (1) of 71456

The original Lëtzebuerg wealth was steel mills and now primarily banking due to their wealth. Personal taxes on earned income are relatively high, although with a zero tax up to €35 000, and taxes on return on capital seriously low, I think 10% or so. The tax breaks on financial holding companies you refer to will be fully eliminated by 2010 to comply with an 2006 EU ruling. But Luxembourg will still be seriously rich lending out their wealth through their banking system. The parents of one of my Dutch friends have lived there for 35 years running a catering business, now retired. There's a lot that's not obvious on the surface. .

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