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Strategies & Market Trends : Turnarund Investing

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From: KirbyJF1	7/4/2012 12:25:42 PM
	of 1876

How a country can eat its seed corn & Grow is beyond STUPIDITY in a modern world. See comments obout France's taxes: The 2012 measures, approved at a Cabinet meeting today, presage even larger tax increases and spending cuts next year in an economy that’s barely expanding. The largest new levy will be a one-time surcharge on wealthy individuals’ assets to raise 2.3 billion euros. Another 898 million euros will be reaped by ending a payroll-taxholiday. Other steps include surcharges for oil and financial companies, each raising an additional 550 million euros, and a levy on dividends and stock options. “We face an extremely difficult financial and economic situation,” Finance Minister Pierre Moscovici said at a press conference today in Paris. “The wealthiest households, the big companies, will be asked to contribute. In 2012 and 2013, the effort will be particularly large.” Hollande has said the 2013 budget will restore the pre-Sarkozy wealth tax rates on people with assets of more than 1.3 million euros. A one-time contribution is being imposed this year ahead of an overhaul of the levy. French companies with 250 million euros or more in revenue will be asked to pay a portion of their corporate taxes early. Companies will pay a 30 percent tax on stock options, up from 14 percent. Executives receiving the options will be levied at 10 percent, from 8 percent now. Why take any Risks if the Government is going to take it. You might as well set around & drink coffee & dine in the cafe's. Kirby

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