France's tax him bonuses in 2010
It will not take long to react to France! On Wednesday, Britain announced that its 2009 bonus traders would be taxed at 50% for amounts exceeding 25 000 pounds, which should generate approximately 600 million euros to the state. From Thursday, the Elysee confirmed the intention of France to do likewise.
The purpose of government is very clear: to encourage banks to strengthen their equity rather than pay generous bonuses, while they were supported or bailed out with public money during the crisis.
The principle, an act by the French government, would impose "exceptional" banks on the amount of premiums distributed in 2010 under the year 2009. The rate used by France could be slightly lower than Great Britain, "because France pay more tax," said a government source.The amount at which the establishment will be taxed, it would be the "magnitude" of amounts retained by Great Britain.
Towards a Global Compact?
This Thursday, the banks do not wish to comment on the news. One speaker merely highlight the lack of understanding of the profession in this way then that "French banks are the only way to comply with binding rules of the G20 and they reported 2 billion to the state this year.
The idea running through the heads of the French for several months now: August 25 last, while Nicolas Sarkozy had called all the bankers at the Elysee, he had already discussed "the establishment in all financial centers of sitting fee Bonus distribution.But surprisingly, while France tried to rally his neighbors across the Channel for several weeks at his position on the benefits of more regulation on earnings in finance, she was finally seeing that it was he who throws the water! "There is now no doubt, France will make arrangements," said the entourage of the Minister of Economy Christine Lagarde.
Remains that France, like England – which, beyond the political weight of the measure are well aware of economic realities – hope the approach will be part of "a new international pact, wrote Thursday British Prime Minister Gordon Brown and Nicolas Sarkozy in an article published Thursday in The Wall Street Journal."It is clear that action can only be global," they insist.
That is why Gordon Brown has sent a letter Thursday to the leaders of the European Union, calling to discuss a tax bonus bank. "We must redress the balance of risks, rewards and responsibilities between the company and the financial sector," says he.
German Chancellor Angela Merkel, was eager to find "very charming and teaching" the idea of a tax basis. The topic should be discussed this Thursday evening at the European Council. The idea of Europe is obviously weighing on Americans.They know that all financial markets, including Wall Street, must abide by the same rules if some do not want to appear less competitive and attractive than others.
"Goldman Sachs change its compensation policy at the summit
"The Europeans united to tax bonus
Nothing goes between Paris and London
- G20 disagreements on tax credit
- Tax credit: Paris and Berlin calling for the unity
- Banks: Operation truth about the accounts
- The idea of a law challenged in five years against shortfalls
- Franco-German agreement on aid to Greece
