[FRA] Ligue 1 2013/2014 (13 Viewers)

[Trequartista]

Ffs, peeps, it's "only" the company that gets taxed.

Expect more companies to move abroad or raise the prices of their products then. The French government is going to lose revenue either way.

It's counterproductive in so many ways.

 

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[ALC]

And we have all seen the glorious effects of tax cuts as the tool to get through the current crisis. And it's 75% for people who make in the excess of one million euro per year, which is fine. No one needs that sort of wealth. The issue is that when something like this is passed in one coubtry alone the people who are going to be taxed just register the corporation in Lux or some other tax haven - which is why we really need to consider tactically nuking all tax shelters in the world.

first of all, not true.

second of all, why would people continue making over a million dollars if they can make less and end up with more money in the end? it's a stupid system.

 

[Hængebøffer]

About 1000 people gonna be affected.

 

[Nzoric]

It's stupid because it doesn't work, it's as simple as that. A lot of French millionaires and companies have already moved abroad and I expect thousands to follow them. They're actually going to lose revenue because of all those millionaires leaving. Expect a lot of businesses to move abroad as well, since in this case it's the companies who pay the taxes.

I don't know if you're aware of the Laffer curve but it does work, especially when millionaires who can move and immigrate very easily are concerned. It's just counter-productive. I think they're currently paying 50% or something like that, which is fine. They shouldn't pay more than that.

Socialists have yet to understand that too much taxation kills taxation.

I'd support this tax if it could actually work because I dislike income inequality as much as the next guy. However, such high taxes on the rich just don't work.

Which is why tax havens need to be shut down and we need something ala a global EU which dictates the path of monetary policies.

 

[Vlad]

Which is why tax havens need to be shut down and we need something ala a global EU which dictates the path of monetary policies.

It has more to do with fiscal policy and EU isn't the best example as every country has autonomy regarding this issue. The most difficult thing to harmonize atm. That 75% is ridiculous indeed and I'm all for equality, but you need to draw the line somewhere.

 

[Nzoric]

It has more to do with fiscal policy and EU isn't the best example as every country has autonomy regarding this issue. The most difficult thing to harmonize atm. That 75% is ridiculous indeed and I'm all for equality, but you need to draw the line somewhere.

Autonomy within certain constraints, this much is obvious from a quick reading of Maastricht.

75% is fine, I see absolutely no problem with it.

 

[Vlad]

Autonomy within certain constraints, this much is obvious from a quick reading of Maastricht.

75% is fine, I see absolutely no problem with it.

EU is monetary union, not a fiscal one and Maastricht agreement regulates: inflation, debt, i.e., exchange rates. GSP is just another futile attempt that evades tax regulation and harmonization, but puts more emphasis on regulating each government's deficit.

Read about Laffer's curve
http://en.wikipedia.org/wiki/Laffer_curve

 

[Hust]

Expect more companies to move abroad or raise the prices of their products then. The French government is going to lose revenue either way.

It's counterproductive in so many ways.

 

[Trequartista]

Which is why tax havens need to be shut down and we need something ala a global EU which dictates the path of monetary policies.

Hundreds of French companies and tens of thousands of wealthy French have already moved and are still moving to London because taxes are lower there. The UK isn't a tax haven and their top tax rate is 45%, which isn't low but London is a great place to do business and it's 30% lower than what it will be in France.

Shutting down tax haven will do nothing to help insane fiscal and economic policies such as Hollande's.

A 50% tax rate on the top bracket is perfectly fine, there is no need to go above that. France would not be in such an economic mess if they had a proper jobs plan and good management.

 

[Hust]

Why do some here think 75% tax rate is such a good idea?

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Nothing like punishing success.

 

[Trequartista]

Because in theory it could help reduce income inequality. However, in practice it doesn't, due to the Laffer curve and economic migration.

There are better and more productive ways to reduce income inequality. France should follow Germany's model and actually have a sound jobs plan, which would increase productivity, prosperity, and wealth for everyone.

 

[Vlad]

Because in theory it could help reduce income inequality. However, in practice it doesn't, due to the Laffer curve and economic migration.

That fact that countries like Luxemburg are in proximity makes it rather hilarious attempt.

 

[Hust]

Because in theory it could help reduce income inequality. However, in practice it doesn't, due to the Laffer curve and economic migration.

There are better and more productive ways to reduce income inequality. France should follow Germany's model and actually have a sound jobs plan, which would increase productivity, prosperity, and wealth for everyone.

Theories don't always work and this huge tax has got to be one of the worst I've ever heard.

I'm American, what do I know...

 

[Nzoric]

Why do some here think 75% tax rate is such a good idea?

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Nothing like punishing success.

I think that a 100% tax is a good idea.

 

[Trequartista]

That fact that countries like Luxemburg are in proximity makes it rather hilarious attempt.

François Hollande is already the least popular president in French history. The guy is clearly not competent enough to govern anything.

He is spectacularly incompetent. Gotta love la gauche caviar.

 

[Hust]

I think that a 100% tax is a good idea.

We all know that already

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François Hollande is already the least popular president in French history. The guy is clearly not competent enough to govern anything.

He is spectacularly incompetent. Gotta love the Caviar Left.

 

[ALC]

Which is why tax havens need to be shut down and we need something ala a global EU which dictates the path of monetary policies.

I have an idea. They should call it "big brother".

 

[Sir Miss-A-Lot]

And we have all seen the glorious effects of tax cuts as the tool to get through the current crisis. And it's 75% for people who make in the excess of one million euro per year, which is fine. No one needs that sort of wealth. The issue is that when something like this is passed in one coubtry alone the people who are going to be taxed just register the corporation in Lux or some other tax haven - which is why we really need to consider tactically nuking all tax shelters in the world.

Who are you to judge other peoples needs?
And, i see you know little about how the financial system works, and off course 'tax cuts' should be introduced at right times, but what a lame argument, with no empirical evidence... Tax cuts are not the reason why we had a recession in the western world.

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Because in theory it could help reduce income inequality. However, in practice it doesn't, due to the Laffer curve and economic migration.

There are better and more productive ways to reduce income inequality. France should follow Germany's model and actually have a sound jobs plan, which would increase productivity, prosperity, and wealth for everyone.

In theory it could not work either...

 

[Trequartista]

Indeed

 

[Xperd]

Monaco reach €50m tax agreement with LFP

The Ligue 1 club will continue to be based in the tax haven after reaching a deal with the French League's governing body

http://www.goal.com/en/news/90/fran...reach-50m-tax-agreement-with-lfp?ICID=HP_BN_2