Corporate cash-hoarding continues
Even as the economy improves, corporate America continues to pile up record amounts of unused cash, Bloomberg reports. Read more at Counterparties
Read
- Planetary alignment peaks with celestial show this weekend
- UK fighters escort Pakistan plane to airport, two arrests
- Arizona jury foreman says believed Jodi Arias was abused
- Judge rules against 'America's toughest sheriff' in racial profiling lawsuit
- Sixth night of violence in Sweden, but police say capital calmer
|
Sponsored Links
Recommended Newsletters
France's 2013 budget hikes taxes on companies, rich
PARIS |
PARIS (Reuters) - France's draft 2013 budget imposed a total of roughly 20 billion euros in new taxes on large companies and wealthy households, including hikes in taxation on dividend income and reductions in the tax deductibility of interest payments.
The budget, approved by France's cabinet on Friday, said that the creation of a new 75 percent tax on millionaires and higher marginal tax rates on high earners would raise some 530 million euros next year.
The lowering of the threshold for wealth tax on individuals would raise a further 1 billion euros.
(Reporting By Daniel Flynn; Editing by Catherine Bremer)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters