Taxes in France top 100% of Income

  Sunday, 19 May 2013 More than 8,000 French households’ tax bills topped 100 percent of their income last year, the business newspaper Les Echos reported on Saturday, citing Finance Ministry data. The newspaper said that the exceptionally high level of taxation was due to a one-off levy last year on 2011 incomes for households…

French president finds loophole to impose 75% tax on rich

Saturday, 30 March 2013 The 75% super-tax on the mega-rich, which was rejected by France’s constitutional court might be imposed anyway. French President Francois Hollande suggests laying the burden on businesses rather than on individuals. In the interview with France 2 television President Hollande said he has revised his original plan to lay the massive…

Facebook pays no income tax

Feb 27, 2013 16:39 Moscow Time Photo: EPA It is known that America is the land of the free and the home of the brave. The only problem that the today’s America is the home of corporations which are free from paying income taxes. It is also the home of the bravest tax evasion schemes…

Greeks’ purchasing power halved

Thursday, 07 February 2013 The purchasing power of Greeks has  been halved, shows the survey of the Hellenic Confederation of  Professionals, Craftsmen & Merchants (GSEVEE).   According to survey results, 8 out of 10 Greeks have  limited their shopping to basic food products, with half of respondents  saying they would buy commodities without a fiscal…

11 EU countries okay transactions tax

Jan 22, 2013 20:18 Moscow Time The finance ministers of 11 European Union countries supported the idea of a financial transactions tax at a meeting in Luxemburg on Tuesday. The agreement is yet to be finalized, but the key principles have already been formulated – a tax rate of 0.1% on transactions involving equities and…

Middle-class Greeks to fork out over 40% of annual salary in tax: ” in order to qualify Greece for more bailouts”

Published: 12 January, 2013, 17:20 Edited: 12 January, 2013, 18:31 Athens passed new tax increases to boost revenue by US$3 billion to keep in line with previous commitments to creditors. The new measures limit family benefits and force the middle class to pay over 40 per cent of their annual salary in taxes. Greek’s Conservative-led…

Major Data Breach in State Tax System : 3.6 million people and 650,000 businesses may have been compromised

By JACK BOUBOUSHIAN CHICAGO (CN) -South Carolina’s cyber-security contractor, Trustwave, let hackers into the state tax system, compromising the personal information of 3.6 million South Carolinians, taxpayers claim in a federal class action. Lead plaintiff Amber Strautins sued Trustwave Corp. for breach of contract, privacy invasion and negligence. “Plaintiff and the other Class Members are…

Spain’s tax take tumbles as companies go abroad: Spain’s corporate tax take has tumbled by almost two thirds from pre-crisis levels

Spain’s tax take tumbles as companies go abroad By Tracy RucinskiPosted 2012/10/03 at 8:00 am EDT MADRID, Oct. 3, 2012 (Reuters) — Spain’s corporate tax take has tumbled by almost two thirds from pre-crisis levels as small businesses fail and a growing number of big corporations seek profits abroad to compensate for the prolonged downturn…

German court rules Catholics must pay tax to remain in church

By Agence France-Presse Wednesday, September 26, 2012 12:41 EDT Topics: catholics ♦ roman catholics ♦ the Catholic Church A top German court ruled on Wednesday that Roman Catholics must pay their church tax in order to remain a member of the Church and participate in its rites. The Federal Administrative Court’s ruling came two days…

Grieving mother ordered to pay $14,000 in taxes on the student loans that were written off after son’s suicide: Loans Forgiven by the Government are Considered Taxable Income by the IRS

Russell Friend,  22, committed suicide shortly before graduating from college His mother Regina  had accumulated $55,400 in loans and interest to help him pay for  school Those loans  were forgiven by the government but IRS considers that ‘gift’ taxable income so  she has to pay an additional $14,000 more in taxes By Meghan Keneally PUBLISHED:04:20…