August 2, 1995 |
France Raises Value-Added Tax: The two-percentage-point increase brings that country's value-added tax to 20.6%, making it one of the European Union's highest. The move is part of the new government's efforts to cut public debt and deficits. Only food and cultural goods--from circus tickets to books--will continue to be taxed at the lower 5.6% rate.
April 8, 2000 |
In American terms, it's as if Uncle Sam had fled to Castro's Cuba to escape the IRS. Enter any of the 36,000 town or city halls in France and you'll find a bust of Marianne, the embodiment of France and its republican virtues. In the past, screen beauties such as Brigitte Bardot and Catherine Deneuve served as the models. Last October, a 21-year-old cover girl and actress from Corsica, Laetitia Casta, was chosen to personify the next generation of Mariannes to be cast in bronze.
September 28, 2012 |
PARIS - To mixed reaction, France's Socialist government unveiled a get-tough budget Friday that contains $25.8 billion in tax increases and a "supertax" rate of 75% on those earning more than $1.29 million a year. Critics said it would make France unattractive to "top talent" entrepreneurs and business leaders; supporters described it as fair and constructive. The hardest hit will be major businesses and the rich, as President Francois Hollande stuck to his May election pledge to introduce the new "supertax" rate on the nation's wealthiest citizens, applying to about 2,000 to 3,000 people.
November 15, 2012 |
Has French President Francois Hollande's regime of fiscal austerity -- cutting spending and raising taxes on rich people -- gone too far with France's "Nutella tax"? On Wednesday, France's Senate approved a so-called Nutella amendment in an effort to encourage eating more healthfully. The government plans to quadruple taxes on products containing palm oil, an ingredient in the creamy hazelnut-chocolate spread that the French slather on toast, smear on crepes or eat by the spoonful.
January 8, 2010 |
The French government is mulling a so-called Google tax that it said would help level the playing field between Internet portals that offer free content and the music, film and publishing industries that lost revenue partly because of it. "The world of culture is not only turned upside-down but profoundly threatened by the development of the Internet, and we hope that our action doesn't intervene too late," music producer Patrick Zelnik told the...
July 11, 2012 |
PARIS - France and Germany have launched a series of raids on the offices and homes of bank officials and their wealthy customers in an ongoing inquiry aimed at cracking down on those who evade taxes by using Swiss banks. On Tuesday, German police searched the homes of an unspecified number of Credit Suisse bank customers suspected of tax evasion. In France, detectives raided the offices of Swiss banking and finance house UBS in three major cities: Lyon, Bordeaux and Strasbourg.