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Higher French Taxes Ignite Massive Layoffs Print E-mail
by Tom McGregor    Thu, Jul 12, 2012, 10:46 PM

The French economy faces gloomy prospects, as Paris will soon implement a 75% income tax scheme.

According to the BBC News, “French carmaker Peugeot Citroen has set out plans to cut 8,000 jobs and close an assembly plant outside Paris as losses mount.”

Peugeot announced the Aulney plant near Paris, which hired 3,000 workers, would end production in 2014.

As reported by the BBC News, “last week, Peugeot said its first-half sales had fallen 13% amid a ‘profound crisis’ in its eurozone markets.”

Phillipe Varin, Peugeot’s chairman, said that France’s tax situation appears “grave.”

To read the entire article from the BBC News, link here:

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written by Tammy , July 13, 2012

Read your link. Is there a reason all of Dallasblogs links though are now classified as a malicious website? Dallasblog articles linked on Google can not be open? Please explain how we can retrieve your articles on past stories? Hope we do not get a virus. My computer tech said it could be a virus linked to this site?

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