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You Won't Believe What The French Are Taxing Now...
Submitted by Simon Black of Sovereign Man blog,
At our workshop in Chile some months ago, European MEP Nigel Farage blasted French President Francois Hollande as leading the pack “in the modern day Pantheon of idiots who are running countries around the world…”
(You can see Nigel’s scathing remarks here, about 35 seconds in to the clip)
Of course, the French president had recently introduced a ‘hate tax’ on its countries most successful people, driving out whatever few productive people remain in France.
But this hate tax was just the tip of le iceberg.
Just look at what they’ve done or announced just in the last month:
1) Double the corporate surtax
It’s not enough that France has one of the highest corporate tax rates in the developed world. On top of this, they have a corporate ‘surtax’, or a tax on top of the tax.
And earlier this month, they announced plans to DOUBLE it.
2) Increase reporting obligations
Anyone who has ever started a business knows that a new business is like a newborn baby. It’s critical to focus on growth, not on filling out a bunch of paperwork.
The French government doesn’t care about this. So they’ve recently LOWERED the bar for reporting obligations, requiring a businesses with top-line revenue of just 80,000 euros to submit time consuming and onerous VAT reports to the tax authorities.
3) Increased pension tax
France has one of the most bankrupt… and unsustainably generous… pension systems in the world.
But rather than completely overhauling the system and expect people to, you know, actually work past the age of 55, they’ve just decided to raise the pension tax. Again.
4) Energy drink tax
Not to be outdone by Michael Bloomberg’s soda tax in New York City, the French National Assembly has recently proposed to tax energy drinks… as much as ONE EURO ($1.37) per can.
5) Higher property taxes
Last month, the French government announced plans to revise property value assessments across the country, which serves as the basis for a number of property taxes.
6) Data tax [my personal favorite]
You can’t make this stuff up.
In one of the most absurd tax propositions in history, the French government now has the idea that they should tax data transfers outside the European Union.
They actually plan on proposing this at this week’s European Summit. Strangely, though, they don’t seem to even understand what this means. They’re just so desperate to tax something… anything. They’re just monkeys throwing darts at the wall right now.
And they’re getting ready for more.
Earlier this year, the French government promised a ‘tax pause’ in 2014, suggesting that they would not raise taxes next year.
Last month, though, they revised this pledge, saying that the tax pause would take effect in 2015 instead.
Needless to say, there will be no pause in 2015.
Why? Because France is broke. Like so many other nations across the West, France has been rendered completely insolvent by decades of unsustainable spending.
France has been in this position before. In the 18th century, the French Bourbon monarchy was the pinnacle of civilization.
Yet decades of unsustainable spending took their toll on the economy. They tried everything– raising taxes, debasing the currency… yet their was no avoiding the inevitable. Revolution.
And this period of turmoil, from the time the French people stormed the Bastille, to the time when calm prevailed, took 26-years.
In the meantime, they had internal civil war, external war against both Austria and Prussia, hyperinflation, and the genocidal dictatorship of Robespierre.
Conditions are similar now, both in France and across the West. This includes the Land of the Free.
We have reached a time where it’s imperative to look abroad at different options and opportunities. Clinging to blind patriotism– staying home, doing nothing, and trusting your government– is akin to taking a toaster into the bathtub.
Wealth and power have constantly shifted throughout history. And the transitions are rarely smooth or peaceful. It’s foolish to assume that this time is any different.
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If they want to raise some money...they need to tax hair grease....and cigarettes....coffee too...that would kill the Frenchies...white flags would brink in millions too
More votes for FN.
I can support that.
I don't see a French Guillotine tax. Yet. Bullish for a Guillotine revival.
VAT. And then how would you tax the removal of banker/politician heads? Would that fall under a medical procedure tax or would that be value additive as well?
France should import even more of those wonderful, intelligent, creative, productive people from third world shitholes. Prosperity will be right around the corner! Isn't that what our rulers have been telling us? Look at how well it is working in the USA! Viva La France!
The French are following their same M.O.,again. They'll first surrender to default and then, beg Germany to reconquer them.
France does not tax small scale prostitutes or cheese. Insert your own joke.
So much for evolution. The French once rebelled against their overlords but now......
The same is happening everywhere. There is no instance of an uprising let alone a successful one anywhere in the world.
The Icelanders came close but even they will stuff it up in the end and alow the old system to return.
This video features Farage, Ron Paul , Jim Rikards, Jim Rogers. Where the f**k can you get a full copy from this sumit, because im buggered if I can get hold of one.
Time to break out the most ingenious of all Frawg inventions, the GUILLOTINE.
A few years under the modern version of Maximillion Robespierre might be the best thing for them.
Let's have a national sex tax replace the income tax, then married couples would be free of taxation - Joint Return =$0.00.....
Is Simon ever right about anything; does he ever post anything useful that’s not 100% pure bullshit? France has the same GDP per capita as Japan and UK.
What does Simon look like?
White male, dark hair; he has 9 of my gold Eagles stapled to his head so I know they will never be confiscated.
Bring on Turgot....and watch him work his magic before being let go by Louis XVI because of the complaints by the church and the lords. Same deal here. We are back in 1788 looking at the mirror.
what else could you expect from a country that tried to invade mexico with five ships?
now what, i am supposed to subscribe to mr black's newsletters?
Dunno about the rest but this is farking awesome - if it were me I would ban this toxic shit altogether
4) Energy drink tax
Not to be outdone by Michael Bloomberg’s soda tax in New York City, the French National Assembly has recently proposed to tax energy drinks… as much as ONE EURO ($1.37) per can.
They’re just cheese-eating surrender monkeys throwing darts at the wall right now.
fixed it for you
Data tax? Holey smokes. Now there will be black markets for data. Smugglers will be sneaking in thumb drives in the lining of their coats.
I ofcourse get why taxes are hated so much, but try to understand that France is left with no other option if they remain in the Euro. Thanks to the Euro they can't do what the US is doing which is stealing the money from savers and people on fixed income through the expansion of the money supply.
The system ist kaput...we all know that...now we just need the worlds leaders to realize it too.
New Jersey has had a HATE tax for years .....expanded by none other than the The Honorable Jon S. Corzine, Governor ......
Good Bye ...
it is happening across europe. i can speak for estonia. country with lowest government debt in eu, 10% of gdp, is also looking for new ways to increase tax revenue.
i kid you not, the second point of 2) increase reporting obligations, instead of 80,000 euros in france, in estonia companies have to report 1000 euros transactions (cumulated in a month) to tax authorities. i'm not even going to mention other proposals to collect more tax revenue(land, car etc tax increases). governments are neck deep everywhere and their desperation becomes more and more obvious for those willing to see.
http://www.bloomberg.com/news/2013-10-18/estonian-business-lobby-criticizes-plan-to-fight-vat-fraud.html
so honest businesses have to take on the cost of adjusting their accounting because of 1-2% who evade taxes. although it's obvious big players have legalised their tax frauds via the government long ago. but we have to get the small players! rant off