Tag Archives: entrepreneurs club

France Confirms 75% Tax Rate!

Vive le…. TAX?

The French Socialist government confirmed a 75% tax rate for top earners and a new 45% ‘band’ for revenues over 150,000 euros.

Businesses are targeted as well.  Loan interest tax deductions have been reduced and a capital gains tax break has been eliminated.  These respective cuts have taken €4 and €2 BILLION out of the hands of business and placed them into government coffers.

“France is sick because of the model it has … but is choosing to preserve it.” says Guillaume Cairou, Head of the Entrepreneurs Club.

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