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she will pay as much as 68 percent in income taxes

Top marginal income tax rate is around 40 % in France...
The article might be reporting about labor taxes, which in effect are at about 68% of net wage (and include mostly health, unemployment and other insurances)

An individual's home no longer can be seized if his business fails

SARL and EURL, statutes for anonymous or unipersonal companies that made sure one's house wouldn't be seized, are rather older than that...

Minister for Small Businesses Renaud Dutreil said a 2005 labor law that eased firing rules for companies with fewer than 20 employees created about 720,000 jobs. Companies were more disposed to hire without the fear of legal battles if they had to reduce staff, he said.

That must be the CNE about which most estimates claim about 24000 job creations. Although more CNE contracts have been signed, most of those jobs would have been created anyway...

A French company must pay about 40 percent of an employee's salary in labor taxes, one of the highest rates among OECD countries, he said. In the U.K. it's about 20 percent, and in the U.S., 10 percent.

Ah, the joys of deregulations... And millions of working poors, not covered by basic health insurance. And the fact that part of the wages goes to the state rather than the worker is pretty irrelevant to the difficulties of hiring...


Un roi sans divertissement est un homme plein de misères

by linca (antonin POINT lucas AROBASE gmail.com) on Mon Mar 19th, 2007 at 05:16:10 PM EST

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