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Originally Posted by Azure
Hasn't this happened before? Most of the rich people left. Way to go France. Blame those damn rich people for all your problems and tax them more!
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One of the lower rungs is already set to increase.
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There is currently no plan to change the tax rates for most people, which is 14 percent for the poorest and 30 percent for the next rung. For higher earners — people with incomes above 70,830 euros a year — the tax rate will soon rise to 44 percent, up from 41, in a change that was already set before Mr. Hollande’s election.
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Also corporate tax is pretty high too.
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For Mrs. Segalen, the proposal is the latest red flag in a country that has long labored under the image of being a difficult place to do business. France has a 33 percent corporate tax rate — the euro zone’s second-highest, after Malta’s 35 percent. That contrasts with the 12.5 percent rate in Ireland, which has deliberately kept a lid on corporate taxes as a lure to businesses.
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Those two quotes are from
this article.