December 28, 2013
French president François Hollande is a socialist.
Credit: Matthieu Riegler via Wikipedia
France’s highest court has approved a 75% tax on high earners that is one of President Francois Hollande’s signature policies.
The initial proposal to tax individual incomes was ruled unconstitutional by the Constitutional Council almost exactly one year ago.
But the government modified it to make employers liable for the 75% tax on salaries exceeding 1m euros (£830,000).
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