Posts Tagged ‘François Hollande’

Why Hollande’s plans on tax havens and dodgy politicians aren’t good enough

by Tom Gill.

French President Francois Hollande, facing a major popularity crisis following two major tax scandals involving a minister tasked with cracking down on tax evasion, and very senior aide who was treasurer for his presidential campaign, announced Wednesday a number of measures to address tax dodging and the dodgy financial dealings of politicians. But, as French left […]

75% tax on rich rejected – a censure for François Hollande’s policies of pretence

by Tom Gill.

(translated from the original by Jacques Sapir) The measure considered to be one of the most emblematic of the promises of François Hollande on tax, the famous 75% rate for people on incomes of over €1 million, was rejected Saturday, December 29 by France’s Constitutional Council. The “Wise Men”of the council, to be clear, were […]

French parliament backs permanent austerity, but it’s hardly a victory for Hollande

by Tom Gill.

Despite mass protests and demands for a referendum on the matter, in the end President Francois Hollande will get his EU budget treaty through parliament. On Tuesday, MPs passed the EU Fiscal Compact, or ‘permanent austerity treaty’ as critics describe it, by 477-70, with 21 abstentions. The Senate, which like the National Assembly, has a Socialist-led majority, […]

France: 120 economists say no to the European budget treaty!

by Tom Gill.

In the coming week, France’s National Assembly, the lower house of parliament, will vote to ratify the European treaty on Stability, Coordination and Governance , otherwise known by critics as the Permanent Austerity Treaty. Below in a statement published in Le Monde this week, 120 economists say why they reject it:

Budget treaty an offensive by neoliberals & EU grab for power, French economists warn

by Tom Gill.

A collective of economists have weighed in against the EU Fiscal Compact Treaty, or golden budget rule, which French Socialist President Francois Hollande is laying before parliament next month in order to translate into the country’s laws.

Hollande ‘guts’ 75% wealth tax?

by Tom Gill.

France’s Socialist President Francois Hollande’s key ‘soak the rich’ 75% tax pledge has been drastically watered down, according to Le Figaro which doesn’t reveal its source. The tax won’t apply to rich couples. And it will only apply to income, not property or financial assets. A single person will be taxed if he earns more than […]

Radical Left Mélenchon calls for mutiny against Hollande

by Tom Gill.

French radical left leader Jean-Luc Melenchon has called for a mutiny by Socialist Party ministers disenchanted with the policies of President Francois Hollande. Melenchon, a former Socialist minister who left the party and stood against Hollande as a candidate of the radical  Left Front in the presidential elections this year, said ministers who opposed Hollande’s policies […]

French socialists soak the rich

by Tom Gill.

France’s new socialist government is pushing ahead with highly popular promises to make the rich and corporations shoulder a far greater burden of the costs of the economic crisis. There will be a big one-off increase in wealth taxes and surcharges on banks and energy companies in the country’s supplementary 2012 budget. An extra €2.3bn will […]

Hollande to present austerity treaty gift wrapped to French Parliament

by Tom Gill.

(In the Radical Press – Humanité) It’s done. François Hollande announced Friday afternoon that he would submit the fiscal pact (Treaty on the stability, coordination and governance  in the Economic and Monetary Union – TSCG) to be ratified by the French Parliament. During his Presidential campaign he had promised to renegotiate it and would not […]

France’s socialists and a fitting executive pay cap

by Tom Gill.

The French government this week announced plans to cap the salary of public sector chief executives at €450,000 per year. The decree, which will be released by the end of July assuming the socialists win a majority in the parliamentary election run-offs on Sunday, is designed to limit the accumulation of incomes, including fixed and variable […]

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