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> France is #1 in the EU for public spending [1]. That's a well known overstatement that comes mainly from the fact Pension system, education system AND health
by adev_ 6y ago
> France is #1 in the EU for public spending [1].
That's a well known overstatement that comes mainly from the fact Pension system, education system AND health care system are almost entirely state-owned in France. You can find the same pattern in some Scandinavian country btw, France is not an exception.
> There is a reason why so many rich French people live in Belgium or London.
You can say the same with British and American near the Leman-lake /Zug in Switzerland. Fiscal optimization is everywhere.
> There is a reason why when Peugeot merges with Fiat-Chrysler the new company is headquartered in Amsterdam.
That's not surprising, Holding companies always love specific countries for legislation/taxes reasons. That include Netherlands, Luxembourg, Switzerland and Ireland. Almost every European major multi-national has an holding in one of these.
> If you're a company and your turnover is greater than EUR760k annually then there is a special, additional tax on your advertising spending.
That I totally agree with you. This is a good example of terrible case by case politic bullshit.
- mytailorisrich 6y agoIt is certainly not an overstatement, and the issue of tax goes far beyond what you may see as an individual (for example, overall labour costs [1]). France is not an exception in its organisation, in fact its health care system is LESS state-owned than, say, the UK's. But it spends a lot, taxes a lot, and, to compound the issues, is not flexible. You seem to actually agree that France has problems with its legislation and tax in the rest of your reply... Edit: The graph that you posted in you reply below is obviously not the same metric. It states it is "general government" spending while I mentioned "public spending". But even so, your graph shows France ahead of Germany and the UK. [1] https://ec.europa.eu/eurostat/statistics-explained/index.php/Wages_and_labour_costs https://ec.europa.eu/eurostat/statistics-explained/index.php...
- adev_ 6y ago> It is certainly not an overstatement. As you say, France in not an exception in its organisation, in fact its health care system is LESS state-owned than, say, the UK's. It is. Especially if you compare with the public spending/GDP collectively [1]. It is currently lower than USA and right in the average of OECD. > You seem to actually agree that France has problems with its legislation and tax in the rest of your reply... I totally agree with that. I disagree with the fact it is a taxe hell. In my experience, as a European who lived in several countries including France, it is in the average of Europe. That said, I agree with you about the red tape / administrative burden. [1]: https://data.oecd.org/chart/5Zub https://data.oecd.org/chart/5Zub