Economics
‘Pigeon’ Entrepreneurs Take Hollande Tax Protest to Web
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French entrepreneurs have a new mascot -- the pigeon.
Using the bird’s role in French slang as the “sucker,” owners of startups have formed a group dubbed “Les Pigeons” to show that President Francois Hollande’s new taxes make them the fall guys for France’s economic woes. They are protesting the almost doubling of the tax rate on capital gains generated from selling a business in Hollande’s budget for 2013.