France is planning to impose a one-off 4% tax on oil stocks for 2012, or about $624M in tax receipts, Dow Jones reports, citing a report in French business daily Les Echos. The tax would impact groups like Total (TOT), Shell (RDS.A) and also on refining groups and oil and gasoline distributors, the report says.
America has no tolerance for wealthy people griping about their financial woes. But they have concerns too.