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I think what is meant is that employers have to pay 68% over net wages in social payments. That makes the effective rate 68/168 (or 40%).

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Tue Mar 20th, 2007 at 11:27:12 AM EST
you are probably right.  and it is a "non-traditional" way to make the point.  I've not noticed anything by this writer before,  Helene Fouquet, and found the "improvement but it's got to be better" slant of the article annoying.  the article was interesting to me because I know so little about start-up business in Europe, while it's an area of interest for me in the US.
by wchurchill on Tue Mar 20th, 2007 at 11:45:18 AM EST
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