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French Fiscal Package Of 2007
The French fiscal package of 2007 is a series of measures implemented by the Fillon administration in 2007. The ''paquet fiscal'' is often called in France ''loi TEPA'', referring to the ''law in favor of labor, employment and purchasing power'' (in French ''loi pour le travail, l’emploi et le pouvoir d’achat''). The package consists of fiscal measures aiming at lightening the fiscal burden on businesses, liberalize the labor market and stimulate investment. Aims The bill on labor, employment and purchasing power (TEPA), whose main measures are often commonly known as the ''paquet fiscal'' (tax package) shall be beneficial to growth. According to the Fillon administration, shaping a taxation system more favorable to businesses and lower labor costs could encourage the growth of purchasing power, productive investment and the attractiveness of the territory. This measure, implemented short after the election of Nicolas Sarkozy in 2007 as President of the French Republic, as a st ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
François Fillon
François Charles Armand Fillon (; born 4 March 1954) is a retired French politician who served as Prime Minister of France from 2007 to 2012 under President Nicolas Sarkozy. He was the nominee of the Republicans (previously known as the Union for a Popular Movement), the country's largest centre-right political party, for the 2017 presidential election where he ranked third in the first round of voting. Fillon became Jean-Pierre Raffarin's Minister of Labour in 2002 and undertook controversial reforms of the 35-hour working week law and of the French retirement system. In 2004, as Minister of National Education he proposed the much debated Fillon law on Education. In 2005, Fillon was elected senator for the Sarthe department. His role as a political advisor in Nicolas Sarkozy's successful race for president led to his becoming prime minister in 2007. Fillon resigned upon Sarkozy's defeat by François Hollande in the 2012 presidential elections. Running on a platform de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nicolas Sarkozy
Nicolas Paul Stéphane Sarközy de Nagy-Bocsa (; ; born 28 January 1955) is a French politician who served as President of France from 2007 to 2012. Born in Paris, he is of Hungarian, Greek Jewish, and French origin. Mayor of Neuilly-sur-Seine from 1983 to 2002, he was Minister of the Budget under Prime Minister Édouard Balladur (1993–1995) during François Mitterrand's second term. During Jacques Chirac's second presidential term he served as Minister of the Interior and as Minister of Finances. He was the leader of the Union for a Popular Movement (UMP) party from 2004 to 2007. He won the 2007 French presidential election by a 53.1% to 46.9% margin against Ségolène Royal, the Socialist Party (PS) candidate. During his term, he faced the financial crisis of 2007–2008 (causing a recession, the European sovereign debt crisis), the Russo-Georgian War (for which he negotiated a ceasefire) and the Arab Spring (especially in Tunisia, Libya, and Syria). He initiated th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Overtime
Overtime is the amount of time someone works beyond normal working hours. The term is also used for the pay received for this time. Normal hours may be determined in several ways: *by custom (what is considered healthy or reasonable by society), *by practices of a given trade or profession, *by legislation, *by agreement between employers and workers or their representatives. Most national countries have overtime labour laws designed to dissuade or prevent employers from forcing their employees to work excessively long hours (such as the situation in the textile mills in the 1920s). These laws may take into account other considerations than humanitarian concerns, such as preserving the health of workers so that they may continue to be productive, or increasing the overall level of employment in the economy. One common approach to regulating overtime is to require employers to pay workers at a higher hourly rate for overtime work. Companies may choose to pay workers higher overti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inheritance Tax
An inheritance tax is a tax paid by a person who inherits money or property of a person who has died, whereas an estate tax is a levy on the estate (money and property) of a person who has died. International tax law distinguishes between an estate tax and an inheritance tax—an estate tax is assessed on the assets of the deceased, while an inheritance tax is assessed on the legacies received by the estate's beneficiaries. However, this distinction is not always observed; for example, the UK's "inheritance tax" is a tax on the assets of the deceased, and strictly speaking is therefore an estate tax. For historical reasons, the term death duty is still used colloquially (though not legally) in the UK and some Commonwealth countries. For political, statutory and other reasons, the term death tax is sometimes used to refer to estate tax in the United States. Varieties of inheritance and estate taxes * Belgium, droits de succession or erfbelasting (Inheritance tax). Collected at t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Solidarity Tax On Wealth
The solidarity tax on wealth (french: Impôt de solidarité sur la fortune or ISF) was an annual direct wealth tax on those in France having assets in excess of €1,300,000 (since 2011).French wealth tax explained in full in It was one of the 's 1981 electoral platform's measures, 110 Propositions for France. First named ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
French Revenue Of Active Solidarity
French (french: français(e), link=no) may refer to: * Something of, from, or related to France ** French language, which originated in France, and its various dialects and accents ** French people, a nation and ethnic group identified with France ** French cuisine, cooking traditions and practices Fortnite French places Arts and media * The French (band), a British rock band * "French" (episode), a live-action episode of ''The Super Mario Bros. Super Show!'' * ''Française'' (film), 2008 * French Stewart (born 1964), American actor Other uses * French (surname), a surname (including a list of people with the name) * French (tunic), a particular type of military jacket or tunic used in the Russian Empire and Soviet Union * French's, an American brand of mustard condiment * French catheter scale, a unit of measurement of diameter * French Defence, a chess opening * French kiss, a type of kiss involving the tongue See also * France (other) * Franch, a surname * Frenc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Shield
A tax shield is the reduction in income taxes that results from taking an allowable deduction from taxable income. For example, because interest on debt is a tax-deductible expense, taking on debt creates a tax shield. Since a tax shield is a way to save cash flows, it increases the value of the business, and it is an important aspect of business valuation. Example Case A *Consider one unit of investment that costs $1,000 and returns $1,100 at the end of year 1, i.e. a 10% return on investment before taxes. *Now assume tax rate of 20%. *If an investor pays $1,000 of capital, at the end of the year, he will have ($1,000 return of capital, $100 income and –$20 tax) $1,080. He earned net income of $80, or 8% return on capital. The concept was originally added to the methodology proposed by Franco Modigliani and Merton Miller for the calculation of the weighted average cost of capital of a corporation. Case B *Consider the investor now has an option to borrow $4,000 at 8% interes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cabinet Of France
The Government of France ( French: ''Gouvernement français''), officially the Government of the French Republic (''Gouvernement de la République française'' ), exercises executive power in France. It is composed of the Prime Minister, who is the head of government, as well as both senior and junior ministers. The Council of Ministers, the main executive organ of the Government, was established in the Constitution in 1958. Its members meet weekly at the Élysée Palace in Paris. The meetings are presided over by the President of France, the head of state, although the officeholder is not a member of the Government. The Government's most senior ministers are titled as ministers of state (''ministres d'État''), followed in protocol order by ministers (''ministres''), ministers delegate (''ministres délégués''), whereas junior ministers are titled as secretaries of state (''secrétaires d'État''). All members of the Government, who are appointed by the President following ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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