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Alcatel-Lucent Message Board

  • tradestoxx11 tradestoxx11 Nov 30, 2012 11:21 AM Flag

    Might this be the reason the top executives are relocating to the U.S. ?

    The 2013 finance bill provides notably for an exceptional 75% contribution to be imposed on income in excess of EUR1m per beneficiary. Defending the provision, French Budget Minister Jérôme Cahuzac insisted that the contribution is both “legitimate” and “not confiscatory”. The 75% tax, which is expected to affect 1,500 individuals in France, paying on average EUR140,000, is forecast to yield around EUR210m a year for the state.

    75% income tax....OMFG.
    I'd leave too.

    This is going to hurt france because these executives can just relocate and then france has no income tax from them.

    Sentiment: Strong Buy

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