French court approves 75% income tax

Source: Bloomberg
The Constitutional Court of France approved an increase of the income tax to 75% for people earning above one million euros. Therefore, the proposal of country's president Francois Hollande got the official permission to be introduced. Companies will pay a 50% tax on wages that exceed one million euros, but together with other social charges the amount will rise to 75%.
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Mon, 30 Dec 2013 11:29:04 GMT

U.K. house prices to continue rising in 2014

Property prices in the U.K. will most likely continue to increase during the next year, while the rise will be led by Southeast England and London regions. Economists point out that demand in the year 2013 surged 25%, while supply added only 6%, and the situation will not change a lot in 2014. At the same time, the BoE analysts

Mon, 30 Dec 2013 11:07:05 GMT

European equities advance to highest since May 2008

European shares swung between gains and losses on Monday with the benchmark stock index Europe 600 jumping towards the strongest level in more than five-and-half year. The Stoxx 600 gauge slid 0.1% to 327.49 as of 8:11 a.m. London time and it has advanced 0.7% in December, while last week the index gained 2% after the IMF signalled it may

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