In article ,
Andy Hall wrote:
Rather than having a sliding scale that disincents entrepreneurs
causing them to register their companies in Luxembourg and conduct
their personal tax affairs from Monaco, it is far better to have
"acceptable" levels (if there is such a thing) and attract inward
investment as well as maintaining existing.

We missed the critical bit. The tax goes up to 100% on income (not profit) -
and that's world-wide income. ;-)

It's no use being punitive and only tickling...

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John Cartmell john@ followed by finnybank.com 0845 006 8822
Qercus magazine FAX +44 (0)8700-519-527 www.finnybank.com
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