France 6 Facts Budget 2013 example to follow for All Countries

France  6 Facts Budget 2013 example to follow for All Countries

France has unveiled its budget for 2013.

Following are the important measures of the Budget

1)
a new 75% tax rate for people earning more than 1m euros (£800,000; $1.3m) a year.

2)  
A 45% income tax rate on incomes over 150,000 euros a year

3)  
A freeze in government spending, excluding debt repayments and pensions

4)  
The elimination of a ceiling on "l'impot de solidarite sur la fortune", or wealth taxes, so that assets of more than 1.3m euros will be taxed at 1.5%

5)  
reduction of tax exemptions for loan payments by large corporations

6)  
Capital gains and dividends will now be subject to the income tax regime

Now what will happen Rich Corporation will threaten to French Government that they will leave the country,

Can France Government handle the pressure from rich corporations and people?

Regarding India Rich Corporations always win today or tomorrow , the sunshine is always for rich and mighty in India.

Reality views by sm –

Saturday, September 29, 2012

Tags – France Budget 2013