Showing posts with label Europe. Show all posts
Showing posts with label Europe. Show all posts

Wednesday, January 30, 2013

Grover's Anti-Tax Pledge Spreads to Italy

So Grover Norquist's anti-tax pledge has spread to Italy, and beyond: 

Today, as questions loom in the U.S. over whether the recent fiscal cliff negotiations show Norquist's pledge is dead, the conservative anti-tax activist's signature document is proving its tenacity by spreading its tentacles of influence to another unlikely place: Europe.

A group called
Tea Party Italia, inspired by the tea party movement in the U.S. and by Norquist's pledge, created a similar taxpayer contract it is pushing ahead of the country's general election next month. The pledge says politicians won't raise taxes and will work to reduce the country's debt, which the Associated Press reports hit a record $2.64 trillion in December.

David Mazzerelli, a co-founder of the Italian tea party group, tells Whispers that getting supporters hasn't been a problem. The group has hosted 200 mostly well-attended events over the last several years, he says. But getting politicians to sign on to the pledge might prove more of a challenge.
"Candidates in the U.S. want to sign this pledge because they have to do a difficult and hard campaign," he says. Italian candidates, on the other hand, are chosen by the party and don't go through a campaign season. "So it's very difficult to find [politicians] that believe in our ideas in Italy."

Friday, January 25, 2013

France's Richest Man Leaves County to Avoid France's High Taxes

First, it was famous French actor Gerard Depardieu who announced he would be leaving his home country for the lower taxes offered by neighboring Belgium. 

Now, Bernard Arnault, head of luxury goods group LVMH, and France's wealthiest man, has moved billions in assets to Belgium for "family inheritance reasons".  However, others believe it is because he too is trying to avoid the 75% top rate introduced by Socialist President Hollande. 

It appears that American actor, Will Smith's initial reaction (some would say shriek) to the announced 75% rate was spot on.