Even the French feel lost in the wine aisle You are not alone! A recent survey has revealed that 71% of French know little about wine, with 43% admitting they know nothing at all. >> Page 10
Limousin October 2014 - Issue #60
Income tax changes to benefit 9 million Prime Minister Manuel Valls has unveiled changes to France's income tax rules, due to come into effect next year, that could see a further 3 million households pay no income tax, and another 6 million paying significantly less than they did this year. households pay income tax, which represents 19 million foyers. Income tax is calculated on a household basis and not on individual incomes. A couple living together combine their incomes and will receive twice the tax allowance; an extra half 'part' is then added for each dependant child. Under current rules, no tax is paid on the first €6010 earned (or €12,020 for a couple - €18,030 if they have 2 children). Income between €6,011 - €11,991 is then taxed at 5.5% and it is this band that may soon be removed. It is believed that under the new rules due to come into force next year, the 5.5% band will be removed altogether, but that the threshold for the 14% band will be lowered to €9,690.
>> continued on page 7
NEWS - The modern dangers of smoking
A local woman has received 3rd degree burns after her electronic cigarette exploded in her pocket, setting her clothes alight. >> Page 3
NEWS - The MP with a fear of paperwork
A disgraced MP, sacked after just 9 days in office, has blamed his "phobia of paperwork" for falling 3 years behind with his tax returns. >> Page 12
FRENCH LIFE - Staying warm this winter
One of the cheapest and most efficient methods of heating your home is with a wood burner. We bring you a guide to keeping warm this winter. >> Pages 14-15
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A
s many as 9 million households in France could soon find themselves paying less tax in 2015 if Prime Minister Manuel Valls follows through with proposals to “remove” the lowest band of income tax. Speaking on iTélé, Valls insisted that removing the lower band would not, contrary to some speculation, mean a greater burden on higher taxpayers. When news of the changes first came to light, there was a degree of confusion as to the number of households that would benefit. Valls was quoted as saying that six million would be better off, but as more details were made public, budget minister Christian Eckert later referred to nine million. In France, approximately half of all
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The Bugle Business Directory
Love him or hate him, Sarko is back! France's former president announces his return to politics >> Page 8
We all have bad habits. Develop a healthy one that actually saves you money!
8 pages of listings for local English-speaking businesses - your essential guide to finding just what you’re looking for. >> Pages 18-25
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