Consequences of Financial Hardship Withdrawals. Your financial hardship withdrawal is subject to Federal income tax and, in some cases, state income tax. If you are younger than 59Â½, you may have to pay a 10% early withdrawal penalty tax.
The âpresidential-parliamentary systemâ of the Fifth Republic carries over the institutions of the previous republics, incorporating elements of the conventional presidential system and parliamentary system.
Over the years, France has been through many political crises. Its current government is a combination of presidential and parliamentary systems. The president is elected by the people and is head of state. A prime minister, chosen by the president, works with the elected parliament to pass laws. France is among the world's largest economies.