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Breakingviews: Hollande's 75% tax proposals don't make sense

Wednesday, February 29, 2012 - 04:15

Feb. 29 - French presidential candidate Francois Hollande's proposed 75% tax on incomes of over €1 million looks like nonsense, would be unworkable and could damage his credibility say Reuters Breakingviews.

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Topics of breaking news this morning Francois -- loans proposal about 75%. Tax rate for those earning over a million euros. I looks like a recipe for disaster on standard -- trades at a premium over HSBC. But is that premium was fed. With -- is Robert -- probably -- get to those stories LT RO 529. Billion pretty much right in line with expectations. 800 bidders that is way up -- we had before yours secessionist Liza well get breaking news and I'm breaking news on this. Just just -- a couple of minutes ago. I think it's a bit more than those that -- and expectations don't run the top end of you know people talk about trillion Kenneth -- went below that but. I think 500 million insomnia a threshold had the first phone with a bit below that and it's a little bit. A Bobbitt got paid so much in it but it's still commodity side of -- a little -- typing this as well. I am sorry is a -- Wimbledon and that people have been our portfolio and so well because of how -- -- is a bit more stress in this system. Then had. The full gospel I've been expected. This is a little bit of the full of oh my goodness you know the PCBs are gonna do this game. So who you know who these. That topic got a big -- because dull moment. There's a little bit -- dead battery as well it is don't tax them some money on this is not a lot. An enormous amount of money being rolled into the markets as well which would be good. Really very very early days you know just breaking a couple of minutes ago but I think that the first. This is just slightly. Disappointed market all right Aaron let's go to the stories -- mentioned all alone 75% tax. Rates for a vermilion. And you say the smacks of madness really. He's gonna lose credited as the -- it just doesn't do anything to make any sense until at least the -- the white -- this seems to have been sold about policy. Made up Obama could popping -- for example that he's just tried to -- How -- big big spending update got big pipe packages but it went. At bats well it's up to 5%. Tax that would do just nobody would -- you know what -- that. Just go sweat it if it does know how quickly it. How how quickly you get from Brussels to to -- but how how good they text political round -- wanted to get it I'm 50%. I mean I think it's just unworkable. I'm so who knows he's in those comments I was already sort of -- blatant electioneering -- he's I'm I'm right now and he was alert and an event yes. It really is credibility. Did the guys who took it caught. -- -- off because if you look Sarkozy wanted to support as it. Small -- -- tonight yet. All right I'm. And then this -- out today these are pretty of these numbers they just species numbers look pretty good standard chartered. I don't know what the -- premium is exactly. Who who do we know what appearance. Hadn't -- that yes I'll get through it actually did tell on the -- -- there is a -- you don't think that's one. Well that -- that the thing is that understands how to -- bank -- son and somebody's back to overrule hole. And I HSBC. Off -- this with a premium comes into it is that you know it. It's -- even -- the configuration mode as HSBC is to an extent but what I wonder about his pregnant is is what the people outside of the ecumenical -- its ultimate. Is bigger exposure to India and and career out of India -- complete our right yeah and India have. Quietly -- state -- eleven a staple in in the GDP in the growth numbers literally to die as well so. It is not a great economy to be exposed to wonder whether -- not putting thought to -- in two into the. Okay assets out trades a one off towards full cost -- -- -- book value. One point two -- BC. I'm I think from a personal for that Robert -- a fool. Agenda setting inside what's our US breaking news show every day 12:30 eastern 1730 GMT -- the throw was his horses.

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Breakingviews: Hollande's 75% tax proposals don't make sense

Wednesday, February 29, 2012 - 04:15