Tag: huffington-post

September 28, 2012 0

France Piles €20 Billion in Tax Hikes on Businesses and Wealthy

By News Desk

The Financial Times reports France unveils tough budget measures The measures announced on Friday included the controversial 75 per cent marginal tax rate on earned income above €1m a year, put in place for two years. But, as promised by President François Hollande, France was largely spared the kinds of hefty cuts in public spending, pensions and salaries imposed in other eurozone countries struggling to contain their sovereign debt.

September 28, 2012 0

California Hit Parade Rolls On: Atwater Scrambles to Avoid bankruptcy

By News Desk

The California hit parade keeps on rolling as yet Another California city scrambles to avoid bankruptcy . Atwater, a city of roughly 28,000 in California’s Central Valley, may declare a fiscal emergency as soon as next week, but it is trying to avoid becoming the fourth California city to file for municipal bankruptcy this year, its mayor said.