Wonder if you picked up on the latest madness of French President Francois Hollande? As you will be aware, he is the new poster boy of the European Left and here’s why!
Holiday home and Investment properties sold for profit of £100,000 will be taxed at £15,500. From July 1, they will all be liable for a 15.5 per cent tax on income from renting their property, and 15.5 per cent on any profits made from selling it.
These taxes will be spent…. on hiring 150,000 more public servants. Oh, and funding a lower retirement age.
Meanwhile Fench national debt is £1.4trillion – around £50,000 per household.
The UK media are flagging up Hollande’s tax and spend regime as the new way forward for the EU. It seems this is what socialists call “growth”.
Now WHAT can go wrong with that?