31 Aug '11, 12am

More of Europe's wealthiest people are joining in Warren Buffett's declaration that the rich should pay more taxes

LONDON - Calls from wealthy Europeans asking to pay more taxes are getting louder, with high earners from Italy, Germany and France joining in urging their governments to raise top rates or enact special levies as a way of reducing burgeoning deficits. Mr Maurice Levy, chairman and chief executive of the French advertising firm Publicis, yesterday became the latest European business figure to ask for higher taxes on top earners, writing in The Financial Times that it was "only fair that the most privileged members of our society should take up a heavier share of this national burden". Wrote Mr Levy, who is also president of a French association of private enterprises: "I am not a masochist; I do not love taxes. But right now this is important and just." The chorus from Europe is echoing a call by Mr Warren Buffett, the billionaire investor and founder of Berkshire Hathaway...

Full article: http://www.todayonline.com/World/EDC110831-0000623/Europe...

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