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French 'millionaire's tax' ruled legal 
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http://www.theguardian.com/world/2013/d ... -tax-legal

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Sun Dec 29, 2013 5:36 pm
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Including social contributions, its rate will effectively remain roughly 75%. The tax will, however, be capped at 5% of a company's turnover


now that’s the way to go ...

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Sun Dec 29, 2013 5:56 pm
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Mmm I bet this results in greater tax evasion and a decrease in tax revenue

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Sun Dec 29, 2013 8:20 pm
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Depardieu has already sodded off to Russia over it. Oh woe.


Sun Dec 29, 2013 10:23 pm
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bobbdobbs wrote:
Mmm I bet this results in greater tax evasion and a decrease in tax revenue

Yep. The 50% tax had that effect here, so a 75% tax will almost certainly have the same effect there. Don't think charging the company will make it a non-issue, it still will be.

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Sun Dec 29, 2013 10:53 pm
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l3v1ck wrote:
bobbdobbs wrote:
Mmm I bet this results in greater tax evasion and a decrease in tax revenue

Yep. The 50% tax had that effect here, so a 75% tax will almost certainly have the same effect there. Don't think charging the company will make it a non-issue, it still will be.

All it did was move any bonuses payable forward or back for when the Tories got into power. If it was in place for more than a year it would have raised a lot more. The people who would have been effected were simply able to switch pay days to avoid it.

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Sun Dec 29, 2013 11:53 pm
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l3v1ck wrote:
bobbdobbs wrote:
Mmm I bet this results in greater tax evasion and a decrease in tax revenue

Yep. The 50% tax had that effect here

I'd like to see some figures from HMRC before I agree with that.

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Mon Dec 30, 2013 1:07 pm
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I don't think HMRC are all that good with numbers to be honest with you :).


Mon Dec 30, 2013 1:18 pm
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