By Roger Chartier

United States of America IRS Tax Information

When Roger has some spare time, he posts here. Good articles!


France Raises Tax - On wealthy and companies with money!

There is no real outcry in France today other than the news about the tax increase.

They don't need an organized group to get angry as they are all professionals at doing that in their own country.

The parliament is dominated by socialists as it is so an increase in taxes for the wealthy would pass easily, other than the way it would be in USA.

They will have a chance with the 2012 budget proposed to their parliament.

It will contain a 2.3 billion euros which equals $2.9 billion in US dollars, increase for the wealthier folks.

The large banks and energy firms will be getting a 1.1 billion euro increase in tax.

The money has to come from somewhere and logic drove the seekers of money to pay the bills to where it really is.

France has it's difficulties a far as economics for the next couple of years is concerned as touted on July 4th, 2012 by Finance Minister Pierre Moscovici.

A foreigner who owns a second home in France will get charged more.

The tax for rental income goes up to 35.5 percent.

Capital gains on property sales are going to jump from 19% up to 35.5%.

This tax increase will affect around 300,000 people with a household net worth of more than 1.3 million Euros.

France's auditors warned that 2012 will need a cut of 10 billion euros.

The next year (2013) 33 billion euros of cuts will be needed to get France into the agreed eurozone budget limits.

French newspapers said on July 5, 2012, "Natural gas tariffs won't rise in France by more than the rate of inflation", quoting Prime Minister Jean-Marc Ayrault.

The National Statistics Institute claimed an inflation rate for France around 1.9% for May.

Surprisingly the gas company in France, called GDF-Suez, was asking the government now and in the past for an increase in tax.

In June, they wanted an increase of 5%. Apparently that won't happen.

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