French €5.5 Billion Inheritance Tax Break Slammed as Costly

A French tax break for company owners bequeathing assets to their offspring needs an urgent overhaul after costing the government more than €5.5 billion ($6.4 billion) last year, according to the state auditor.

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Warsh Confirmed to Fed Board, Still Awaiting Vote on Chair Post

The Senate confirmed Kevin Warsh’s nomination to the Federal Reserve Board of Governors Tuesday, with …