12/11/2009

A French government official said President Nicolas Sarkozy had been considering a tax on bankers' bonuses but was concerned that the move would damage Paris' position as a financial hub. "The fact that London has introduced it has changed the landscape," the official said. On Thursday, France said it would levy a tax similar to one recently announced by the UK. Officials are hammering out the details, but France is expected to levy a 50% tax on 2009 bonuses in excess of €27,000.

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