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I wasn't being sarcastic. In France you also have the taxes you mention (VAT, CGT, property tax, inhabitation tax, ...). We don't have the PAYE (UK) / PAYG (OZ)
by tajen 11y ago
I wasn't being sarcastic. In France you also have the taxes you mention (VAT, CGT, property tax, inhabitation tax, ...). We don't have the PAYE (UK) / PAYG (OZ) form. Employers here have no less than 22 kinds of "NI" tax (old age, incapacity, complimentary incapacity, retirement, complimentary retirement, health 1, 2, 3 and 4, low income insurance, unemployment insurance, etc). And that's just for a salary. The company still has to pay land tax, local tax, dividends tax, etc. It is at such a point that I believe the complexity of the wage sheet (there are more than 96 mandatory mentions on the French salary sheet) is the reason we pay monthly instead of fortnightly.
I really assure you that the simple implementation of PAYE in France would improve our national gross product by 10%. It is huge, it does mean that way more than 5% of employees, public servants, accountants and consultants are dedicated to write, understand, advise, control and ombudsmaning salary sheets.
- kspaans 11y agoOK, I agree the PAYE system is great for those who earn wages/salaries. If you earn ~£43+/year you are in the 40% bracket and may have to file a tax return, however. That's in order to get things like the right amount of tax relief on your retirement savings contributions. The rest of the non-salary & non-income tax system aren't any better than any other country, IMO.