Wednesday, August 29, 2012

French bankers ready to bolt?



Published on Aug 29, 2012 by
http://www.euronews.com/ La Défense, the financial district of Paris, which houses the headquarters of many of France's big banks and top financial firms could soon to be much less crowded.

That is if you believe the gloomy forecasts in response to the new French government's plans to tax that sector more heavily.

A transaction levy on shares and a 75 percent rate of tax on income of more than one million euros a year reportedly have many planning to decamp particularly across the channel to the banker friendly City of London.
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