getting university degrees around the world, notably from Greece, Britain, and the U.S. "A lesson that came out of 1974 was that people learnt that you could lose your property, your money, but if you've got an education, you can start again and rebuild," said James Ker-Lindsay, a senior research fellow at the London School of Economics, who has written extensively on modern Cyprus. However, one unintended consequence of that drive to educate was the unbalancing of the Cypriot economy away from agriculture and tourism towards financial services, said Ker-Lindsay. The booming financial sector got a further turbo charge from the collapse of the Soviet Union in the early 1990s, and Russian money some thought to be of dubious origin started flowing into the country's banks. The influx of capital that further unbalanced the economy,toms shoes discount. An insider's guide to politics and policy, available on the iPad or as a PDF download.[标签:标题]
By SARAH DiLORENZO, Associated Press PARIS (AP) French President Francois Hollande may have finally found a way to tax the really rich: by making their companies pay. In a televised interview Thursday night, he said he wants companies that pay their employees more than 1 million euros ($1.3 million) to pay 75 percent payroll taxes on those salaries. The proposed tax, which still needs to be approved by parliament, replaces one of Hollande's signature campaign proposals: to tax individuals who earns more than 1 million euros at 75 percent. France's highest court has thrown out that plan and the government has been looking for a replacement. Hollande said he hoped the new proposal would push companies to lower executive pay at a time when France's economy is suffering, unemployment is soaring and employees are being asked to take pay cuts. While the president reiterated his goal of stopping the rise of unemployment this year and restarting growth, he offered no specific new economic policies. "The tools are there. We need to use them fully," he said on France-2 television. The new payroll tax would last only two years. On the highest salaries, companies already pay payroll taxes that add up to at least 50 percent of the paycheck,toms shoes on sale. "What's my idea? It's not to punish," Hollande said. "When so much is asked of employees,toms shoes discount, can those who are the highest-paid not make this effort for two years?" Hollande's original plan for a 75 percent tax on individuals was also conceived as a largely symbolic measure. It was likely to have brought in only about 100 million to 300 million euros an insignificant amount in the context of France's roughly 85 billion-euro deficit. As Hollande's popularity slides, he has struggled to convince the French that he is doing enough to boost growth or to redistribute wealth, as his leftist base wants. Going after high-earners may be an easy win for him with voters. French growth has been stagnant for nearly two years, and unemployment has been rising for 19 straight months and is now at 10.6 percent a level not seen since 1999. Consumer confidence slipped again in March after Related articles:

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