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A comment on HSBC CEO Says Bankers Generating 20% of London Revenue May Move. Parent comment

Re:HSBC CEO Says Bankers Generating 20% of London Revenue Ma... by user5994461 on Wednesday January 18, 2017 @05:16PM (#13430873)
In the UK. The income tax and the NI are both applied at the same time as a percentage of your gross salary. (Basically 20+11% or 40+2% if on the high tax bracket).

In France. The taxes are layered. There is your gross salary, then one tax is applied (25%)... then another tax is applied (11-45%) on what's left ... then it keeps going on.

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