The immediate bone of contention is Article 6 of the new tax law, which raises the top rate of capital gains tax from 34.5pc to 62.2pc.
That\’ll be interesting in France.
Someone (someone who reads French perhaps) might want to keep an eye on CGT receipts in that country over the next couple of years. There\’s a very good chance indeed that revenues will fall. Which will be an interesting demonstration of the Laffer Curve, won\’t it?