Taxing incomes over the one million mark at a rate of 75% as François Hollande is suggesting will not cause French millionaires to flee to our European neighbors. Using the example of a taxpayer earning 1,2 million every year, we compared the exact amount of taxes he would be paying in France, Germany, Belgium, Spain, Italy and the UK. Not without a few surprises.
Real estate in big European cities is still too expensive for most potential buyers, especially as banks give out fewer loans. Prices are on the increase in London, but transactions are fewer. Meanwhile things are quiet on the real estate front in Rome, Paris and Madrid
The German minister of Defence wants to get rid of conscription, following suit with the many European countries, the UK and France included, that have put an end to military service. Yet 18 countries in Europe still draft their citizens; in Germany a majority of young conscripts prefer to do a civil service.