France is going to start taxing it's wealthy and corporations 75% - How many do you think will stay there?

Why would a business want to remain in France at that tax rate?
Update: If they pas the cost on to the consumers - won't that cause huge inflation and really hurt the poor more than help the country?
Update 2: Before Regan the Tax Rate was 70% for corporations but that was before all of the deductions they were allowed. Regan lowered the rate but he also took away most tax deduxtions, which meant more tax was actually collected. If you remember we used to be able to deduct credit card interest before the nex tax codes... show more Before Regan the Tax Rate was 70% for corporations but that was before all of the deductions they were allowed. Regan lowered the rate but he also took away most tax deduxtions, which meant more tax was actually collected. If you remember we used to be able to deduct credit card interest before the nex tax codes under Regan. The economy also grew under Regan - it had shrunk misearbly with extremely high interest rates under Carter.
Update 3: Before Regan the Tax Rate was 70% for corporations but that was before all of the deductions they were allowed. Regan lowered the rate but he also took away most tax deduxtions, which meant more tax was actually collected. If you remember we used to be able to deduct credit card interest before the nex tax codes... show more Before Regan the Tax Rate was 70% for corporations but that was before all of the deductions they were allowed. Regan lowered the rate but he also took away most tax deduxtions, which meant more tax was actually collected. If you remember we used to be able to deduct credit card interest before the nex tax codes under Regan. The economy also grew under Regan - it had shrunk misearbly with extremely high interest rates under Carter.
Update 4: Before Regan the Tax Rate was 70% for corporations but that was before all of the deductions they were allowed. Regan lowered the rate but he also took away most tax deduxtions, which meant more tax was actually collected. If you remember we used to be able to deduct credit card interest before the nex tax codes... show more Before Regan the Tax Rate was 70% for corporations but that was before all of the deductions they were allowed. Regan lowered the rate but he also took away most tax deduxtions, which meant more tax was actually collected. If you remember we used to be able to deduct credit card interest before the nex tax codes under Regan. The economy also grew under Regan - it had shrunk misearbly with extremely high interest rates under Carter.
5 answers 5