Soundbounder
09-07-2011, 03:18 PM
You won't see this in the US
Top executives from some of France's most successful companies including L'Oreal, Total and Danone are following the lead of billionaire investor Warren Buffett by offering to pay a one-off tax to help their government tackle its worsening debt load.
The 16 executives, also including the heads of car maker Peugeot-Citroen and Air France-KLM, said in an open letter that "at a time when the public deficits and the prospect of worsening government debt are threatening the future of France and Europe" they consider it "necessary to contribute."
MORE HERE:
http://www.businessweek.com/ap/financialnews/D9PACG7O0.htm (http://www.businessweek.com/ap/financialnews/D9PACG7O0.htm)
Top executives from some of France's most successful companies including L'Oreal, Total and Danone are following the lead of billionaire investor Warren Buffett by offering to pay a one-off tax to help their government tackle its worsening debt load.
The 16 executives, also including the heads of car maker Peugeot-Citroen and Air France-KLM, said in an open letter that "at a time when the public deficits and the prospect of worsening government debt are threatening the future of France and Europe" they consider it "necessary to contribute."
MORE HERE:
http://www.businessweek.com/ap/financialnews/D9PACG7O0.htm (http://www.businessweek.com/ap/financialnews/D9PACG7O0.htm)