- FRANCE 24

FINANCIAL CRISIS

Global capitalism on the brink?

Billion-dollar bailout schemes and major bankruptcies have sent taxpayers and traders reeling with shock as global banking systems teeters on the brink of collapse. Is this the end of global capitalism as we know it?

07/02/2012 - CHINA

Chinese airlines shun EU carbon tax

China said Monday it will bar its airlines from paying charges on carbon emissions of flights in and out of Europe. The United States and Russia also oppose the EU-imposed measures to rein in climate-changing gases, which came into effect this year.

01/02/2012 - FINANCE

French bankers back British PM’s Tobin tax jibe

British Prime Minister David Cameron might be at odds with Nicolas Sarkozy over the French president’s proposed "Tobin tax" on financial transactions. But it seems some in the French trading community agree with him.

31/01/2012 - FINANCE

Sarkozy's financial transactions tax is 'mad'

British Prime Minister David Cameron warned Monday that France's banks will flee to Britain if French President Nicolas Sarkozy goes ahead with plans to levy a 0.1% tax on financial transactions. Cameron called the French tax proposal "mad".

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30/01/2012 - FRANCE

Sarkozy unveils economic reforms in televised interview

French President Nicolas Sarkozy unveiled economic reforms aimed at reviving France’s ailing economy during a televised interview on Sunday, but did not confirm his intention to seek a second term in April's presidential election.

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29/01/2012 - FRANCE

Sarkozy to announce new economic reforms

French President Nicolas Sarkozy is set to unveil a number of economic reforms to create jobs and boost competition on Sunday in a bid to convince voters he is the right leader to revive France’s economy ahead of the country’s presidential elections.

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29/01/2012 - FRANCE

Sarkozy to announce tax hikes in presidential address

In a televised address on Sunday, French President Nicolas Sarkozy is expected to announce tax hikes including a 1.6% rise in the value-added sales tax on goods and services, a move designed to shift the tax burden from employers to consumers.

24/01/2012 - USA

Under pressure from rivals, Romney reveals tax returns

Republican presidential candidate Mitt Romney released his US taxes on Tuesday to reveal that he paid an effective tax rate of 13.9% in 2010. Because his income derives mainly from capital gains, he pays a lower rate than many in the top tax bracket.

20/01/2012 - ITALY

Italy unveils secret weapon against tax fraud

In 1970's New York, "Serpico" was the cop who fought against police corruption. Today in Italy, it's the name of a computer system tackling tax evasion. With the country on the brink of recession, Rome misses out on over 100 billion euros a year in unpaid taxes. Yet for some Italians the system is less like a crime-busting policeman than Orwell's "Big Brother"; a dangerous intrusion into their privacy.

19/01/2012 - POLITICS

Jobs summit: Sarkozy's last hurrah?

It was the fifth and now probably the last time the French unions were invited by President Nicolas Sarkozy to a so-called "crisis summit", instead of a social summit. The result was some small decisions and some big disagreements, against the backdrop of presidential elections less than 100 days away.