Saturday, October 27, 2012

Cash-strapped Europe nations are not shy about taxing the rich

France has announced a top tax rate of 75%, and even in economic powerhouse Germany there's talk of a higher levy.

UCCLE, Belgium — The 8,500 French residents of this affluent Brussels suburb count the Taittingers, of champagne fame, among their well-heeled neighbors. France's richest man, luxury-goods mogul Bernard Arnault, is shopping for some high-end real estate here too.


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