finance minister christine legarde
France are to follow the lead outlined by the UK government in Alistair Darling’s recent pre-budget speech and introduce a special one off tax on banker’s bonuses for 2010.
French Finance minister Christine Legarde has said that a bill will be put before the French parliament in January that will commit tax bonus payments of over 27,000 euros, to fifty percent taxation.
The French government had indicated last week that a similar tax to that announced by the UK would be announced, but no further details were available at that time.
Germany’s Chancellor Angel Merkel has said that she is sympathetic to the idea but fears that it may be against German law.
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