Three million protesters took to the streets of France on March 19, demanding that French President Nicolas Sarkozy review tax policy surrounding the country’s highest earners in order to provide measures to mitigate rising unemployment, which has broken the 8% mark.
Unions are calling for increased taxation of the country’s more affluent taxpayers, increased job security and an increase to minimum wage levels.
Despite projections citing 350,000 layoffs this year, Sarkozy has rejected the latest call for action; stating that no further stimulus package would be introduced, since January’s package has not yet come into effect.
Unions, who have warned of strike action, are battling for the reinstetment of the country’s 60% cap on income tax, recently reduced to 50%.
The French leader however remains steadfast in his approach to dealing with the financial crisis, warning that such a move would be devastating for the country, adamant that any increase in tax on the country’s highest earners would have an adverse effect in driving France’s taxpayers abroad.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment