French Values – New Tax

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July 28, 2012 at 12:25 #16336
birdienumnum
Hear ye, hear ye, brave people!

From August 1st, a new tax on all purchases on the stock exchange of French securities with a market capitalization of at least 1 billion EUR will be taxed at 0.2% (in addition to current commissions and taxes)….Already, withholding taxes on dividends had gone from 25% to 30% at the beginning of the year…that makes you think.

So do your shopping by Tuesday 31st or turn to French small caps or cross the Channel: Glaxo, Diageo, BP, Unilever and co. will return the favor…
July 28, 2012 at 12:34 #16640
Jerome
Participant
Is this the Hollande effect starting to show its face?
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