Drunk Driving or Alcohol Behind the Steering Wheel

Have you been arrested for drunk driving? Well, your case is not the only one. In 2011 over 1.2 million drivers were arrested in U.S. for drunk driving.

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Drunk driving refers to the process of operating a motor vehicle while the driver is under the influence of alcohol. This is also known as driving under the influence (DUI) or driving while intoxicated (DWI). In order to prove that you are drunk the police officer can administrate you the Breathalyzer test, if you blood alcohol concentration (BAC) is over a set limit, you are charged with drunk driving. In most of the cases the BAC limit is 0.08%. Another drunk driving tests are blood test, urine test and field sobriety test. If a driver refuses to submit such testing, it may lead to enhancement of imposed penalties.

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U.S. Personal Income Tax Rates – How Do They Compare Wiith the Rest of the World?

    

If you feel that personal income taxes in the United States are too high, you might be interested to learn that more than 8,000 French households had their 2012 tax bills top 100% of their income.

CNBC, in an article written by Holly Ellyatt entitled: Thousands of French Households Taxed 100%,French Symbol images it was reported that an additional 12,000 households paid taxes that were worth more than 75 percent of their 2011 income and that a further 9,910 households were taxed at more than 85 percent of their income.

The French business newspaper, Les Echos, reported that the excessively high taxes were the result of a “one-off levy” that was imposed on the 2011 incomes of French households with assets of more than 1.3 million euros (approximately $1.67 million).  The surcharge was introduced by socialist President Francois Hollande in an attempt to offset the cost of a rebate scheme and taxation cap that had been introduced by former President Nikolas Sarkozy.

In response to the personal income tax changes, the French Constitutional Council said that: “such a high income rate was unfair and could be viewed as confiscatory”.  The Council went one step further suggesting that the government should shift the burden to French companies thereby causing a major uproar throughout the French business community.

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Bank of America Profits are Affected by Legal Costs

Bank of America has reported profits have been hit by legal costs.

For the last three months to the end of September net income came in down at $340m. It used to be $6.2bn in the same period last year. The bank took a $1.6bn charge for litigation expenses.

The bank has already paid $2.4bn to settle a lawsuit that had been brought by shareholders who said they had been misled about the acquisition of Merrill Lynch by Bank of America.  The acquisition occurred during the financial crisis.

Shareholders argued that Bank of America made misleading statements concerning the financial health of the two banks. However, Bank of America claims it did nothing wrong.

Bank of America warned that it would be hit by a pre-tax loss of $1.9bn and an additional $800m in charges due to changes in the UK corporate tax rate.

The information was taken from the BBC News website. If you like to get more info, please, go to: http://www.bbc.co.uk/news/business-19979438