Monday, October 01, 2007

Work for Free Today

Tax free overtime in Sarko's France begins now:

A key economic reform introduced by President Nicolas Sarkozy to stimulate growth kicked in on Monday in France, as rules came into force removing tax and social charges from overtime hours.

After featuring high on the president's election manifesto in May, the measure was part of a Law on Work, Employment and Spending Power voted through parliament at the start of August.

The reform is intended to encourage staff to work longer hours, and companies to make more work available. From Monday all hours worked beyond the statutory 35 hours in the week will be free of charges for both employer and employee.

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