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***France's President, Macron is proposing...>

FRANCE
FRANCE: ***France's President, Macron is proposing some interesting and quite
revolutionary changes to the tax regime and one attracting attention is the 30%
flat tax on capital made up of 12.8% income tax and 17.2% social charges, called
the PFU.
- The PFU will apply to interest, dividends and capital gains although low tax
paying households could use the income tax scales as an option.
- Livret A and Livret Eparge Populaire would remain exempt from income tax but
Plan Epargne Logement, which is exempt from tax for the first 12 years, will be
subject to the PFU from 1 Jan 2018.
- These reforms will increase taxation of savings and Les Echos newspaper is
running an article today saying that it may push investors away from low return,
low risk investments towards higher risks with potentially greater net returns. 

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