As part of its plan to raise €7.2 billion in tax revenues to boost its ailing economy, the French government has put foreign owners of holiday homes in its line of fire. But many think the planned tax hikes are just a ‘political stunt’.
Back to the article
Hollande should be careful what he wishes for and if he does go ahead with it then home owners should be given rights to access social system. hospitals etc. The decision will still lie with the home owners, they can always vote with their feet. There's plenty of cheap properties in spain at the moment, and in need in northern England
As always, the Left persecute legal immigrants and give handouts and free passes to the illegal ones.
Also, the money is not needed to 'boost the ailing economy'. Most money that government takes in is just flushed down the toilet. The money is needed to 'boost the ailing government budget'. Every franc that the government sucks out of the people is another franc wasted.
We signed a Compromise de Vente last Friday. On Tuesday it was announced that we would have to find an additional 15.5% on the already heavy 19% CGT on the sale. This means that we cannot afford to buy the small house we have also signed to purchase, and if we deafault on the sale of our apartment as a consequence, the purchaser has the right to 10% compensation from us.
In addition to probably being homeless in France (we were about to become fiscal residents) we will be bankrupt.
Its always the same. The State messes up its finances and then taxes the population to pay for its imprudence. This time - in common with earlier incompetent administrations - the foreigner will pay for those excesses of state spending. In the UK we live under the convention of "No Taxation without Representation",. May I politely suggest to the new French Government that perhaps this might be a sensible way forward for them as well and if you MUST pose onerous taxes on us, at least let us vote for or against you.
Let's move to Italy instead.
MEDIA WATCH FRANCE
IN THE WORLD PAPERS