Reuters - Video

Edition: US | UK | IN | CN | JP

Video

Breakingviews: French tax protests pointless

Thursday, September 27, 2012 - 04:03

Sept. 27 - Even though the proposed 75% tax rate in the French budget is economic and intellectual nonsense, the protests against it are clumsy and pointless say Breakingviews

▲ Hide Transcript

View Transcript

So who better to talk about France's proposed 75%. Tax rates and how to country's wealthy reacting to the breaking news -- and half French front give -- -- -- -- -- you -- Thomas -- -- it yet it feels. For a -- outside Chapman. -- let's make I think that's. Clear I we will not be hit by the tax cuts tough pointed -- -- army Larry and I'm glad you won or lost most of it kind of conflict of interest -- what kind of go I don't know what I think basically he's a of course the tax whose economic -- intellectually. Irresponsible bit ridiculous. When we're gonna actually propose it back during his electoral campaign one -- chief advisors. There were all surprised by it nor of the chief advisors said it's Cuba without the sun yes. I had -- except that the advisor is now the deputy chief of staff and -- main economic advisory -- point -- make this a profit you know exactly and he's in charge of implementing and making -- the president's politics. Prevail over economic Russian -- irrationality and but -- things about the protest against attacks are probably more even more ridiculous than the reasons for implementing in the first place -- especially when those protesting. Wet weather though is supportive of in the first place autism there is a really goes on outside chat. We thought this is a fantastic right -- a year ago a year ago in the -- you determine the producers thought he would do great communication coup PR coup by imitating. -- you know what he thought the Americans ordering the Bill Gates and and and Buffett asking -- to be tax and it would more except that of course those guys aren't really opportunities there. Employees of -- hasn't gotten away. And they were trying -- -- showed that the reach where -- to pay their share is. The families have had to constantly come said recently that expectations have been hit compete on this young couple -- But but again again the reason for civil the Texas going to be watered down somehow by the test system. Second is going to be temporary on the -- years of course we know what memories in in tax matters. It tends to become permanent -- but so far it's only -- for years. And friends is gonna have a tough austerity regime next year until we want to think you -- in terms of politics and social terms. You realize that I mean to have to shoot something -- that those those sacrifices that OK to answer to play devil's advocate of -- I'm I'm with you on this I really am I just wanna I wanna say that straight up and but you you criticized the technique you call this Robert clumsy as Andy -- hit it comes across -- clumsy. I'm now. But. He's got that they point to a degree of them when they say look it's gonna be really really really tough to hire people. At these high salaries to come to France -- from companies. Management level. -- listing that as a given for still hope they don't see that for the moment -- have to had done just that it was someone very close of the situation so we don't see we're not seeing anyone. Jumping on the red carpet that's Cameron offered to France. The French rates to come to -- they don't see that because they and it's going to be temporary so. Do you approve -- do you do do you go abroad because you have hit by the tax when you know it's going to be nutrients and natural and about hiring. You're talking top cac forty companies multinational companies. Who can I of people anywhere they want you can piracy different Belgium he's going to be now -- wait -- from parry so in terms of hiring. Give me a break he's not going to be just treat anyone from coming to work for real reality to a mentioning or French -- French top company -- -- senator. This chairman has an artist especially in these as far as down so that it -- -- believe that -- thanks very much indeed. Yeah so I'm if you watch our US show. The braking issue that comes on every day twelve cities and 1730 BST. -- -- vocalist is rice's.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Breakingviews: French tax protests pointless

Thursday, September 27, 2012 - 04:03