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French 'millionaire's tax' ruled legal
http://www.x404.co.uk/forum/viewtopic.php?f=19&t=20909		 Page 1 of 1
Author:  pcernie [ Sun Dec 29, 2013 5:36 pm ]
Post subject:  French 'millionaire's tax' ruled legal
http://www.theguardian.com/world/2013/d ... -tax-legal

'Divert! Divert!'
Author:  MrStevenRogers [ Sun Dec 29, 2013 5:56 pm ]
Post subject:  Re: French 'millionaire's tax' ruled legal
Quote:
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 ...
Author:  bobbdobbs [ Sun Dec 29, 2013 8:20 pm ]
Post subject:  Re: French 'millionaire's tax' ruled legal
Mmm I bet this results in greater tax evasion and a decrease in tax revenue

Sent from my Nexus 7 using Tapatalk 4
Author:  jonbwfc [ Sun Dec 29, 2013 10:23 pm ]
Post subject:  Re: French 'millionaire's tax' ruled legal
Depardieu has already sodded off to Russia over it. Oh woe.
Author:  l3v1ck [ Sun Dec 29, 2013 10:53 pm ]
Post subject:  Re: French 'millionaire's tax' ruled legal
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.
Author:  Amnesia10 [ Sun Dec 29, 2013 11:53 pm ]
Post subject:  Re: French 'millionaire's tax' ruled legal
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.
Author:  Linux_User [ Mon Dec 30, 2013 1:07 pm ]
Post subject:  Re: French 'millionaire's tax' ruled legal
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.
Author:  jonbwfc [ Mon Dec 30, 2013 1:18 pm ]
Post subject:  Re: French 'millionaire's tax' ruled legal
I don't think HMRC are all that good with numbers to be honest with you :).
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