PARIS -(Dow Jones)- The French business community Thursday criticized plans by President Nicolas Sarkozy's government to introduce a new tax on investment income to fund a jobseeker scheme.
"You can't just increase taxes - or add new ones - every time you need to fulfill a new objective," the leader of French business lobby Medef, Laurence Parisot, said in a radio interview. "If we add up everything that has been decided by the government in recent times, there's ground to get worried."
Sarkozy is expected to announce later in the day a new 1% tax on income from real-estate and financial investments, such as dividends and gains from life insurance contracts.
The tax proceeds will help fund a jobseeker scheme called Active Solidarity Income that is designed to make it financially more attractive to individuals to take jobs that pay less than the unemployment benefits they have been receiving. It's expected to cost about EUR8.5 billion in a full year, of which the government has already earmarked some EUR7 billion.
Thursday, August 28, 2008
Friday, August 22, 2008
France Eyes Islamic Finance
PARIS — France's recently-announced readiness to clear hurdles to Islamic finance reflects a desire to jump on the wagon of the globally-booming industry, analysts believe.
"It's a strong signal and the players are listening," analyst Emmanuel Volland of the ratings agency Standard and Poor's told Agence France Presse (AFP) on Tuesday, July 22.
France has recently announced plans to adjust its economic and legal frameworks to accommodate Islamic banking activities.
Economy Minister Christine Lagarde has briefed Gulf investors on steps "to make (their) activities as welcome in Paris as they are in London and elsewhere."
"It's a strong signal and the players are listening," analyst Emmanuel Volland of the ratings agency Standard and Poor's told Agence France Presse (AFP) on Tuesday, July 22.
France has recently announced plans to adjust its economic and legal frameworks to accommodate Islamic banking activities.
Economy Minister Christine Lagarde has briefed Gulf investors on steps "to make (their) activities as welcome in Paris as they are in London and elsewhere."
Wednesday, August 13, 2008
Immobel Launches International Real Estate Listings Exchange
CAMDEN, S.C., July 16, 2008 /PRNewswire via COMTEX/ -- Immobel, ( http://immobel.com), a technology company that expertly translates online real estate listings into thirteen languages, today announced the launch of the International IDX Alliance, an online exchange for real estate professionals worldwide to share and market each others' properties. The Alliance -- which seizes opportunities presented by an increasingly global real estate market fueled by the Internet, a weak U.S. Dollar and the growing demand for second homes -- launched with two major American REALTOR(R) associations representing over 14,000 real estate professionals and French FNAIM, which represents over 1,700 estate agents in Paris and surrounding areas. Alliance membership is open to real estate associations, MLS organizations, brokers and agents. More information can be found at the Alliance website, http://internationalidxalliance.com.
Subscribe to:
Posts (Atom)
