... Earlier this month the French Budget Minister, Jerome Cahuzac, was placed under investigation for allegedly using a secret offshore bank account to evade taxes. If that strikes you as odd, you're not alone. As budget minister, Cahuzac's job is to fund the Republic and reduce the nation's deficit. And that means making sure all French taxpayers pay their fair share.
Needless to say, this is not the type of attention the government wanted as they attempt to raise the top marginal tax rate to 75% on individuals earning more than €1 million per year (roughly $815,000/year).
View Bob Goulder's opinion in its entirety on the taxanalysts® Blog.
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