New World Wealth said about 12,000 millionaires left France, with Amoils telling CNBC they left the country because of high taxes on the wealthy and growing tension over religion. About 9,000 millionaires departed China, while 8,000 left …
French President François Hollande had been pushing for a 75% tax on the super-rich since his 2012 presidential campaign. France's controversial "millionaire tax" is set to become law, allowing the government to levy a 75% tax
Photo by Sean Gallup/Getty Images The Constitutional Council of France formally approved the government’s “millionaire tax” on Sunday, meaning the country’s top earners are about to pay a whole lot more into the public fisc. A central …
PARIS (Reuters) - France's Constitutional Council gave the green light on Sunday to the government's controversial 'millionaire tax', to be levied on companies that pay salaries of more than 1 million euros (837 thousand pounds) a …
The Constitutional Council, the highest court in France, has approved a 75 percent income tax rate – the so-called “millionaire’s tax” -- proposed by the Socialist government of President Francois Hollande as one of its fundamental …
PARIS • It was supposed to force millionaires to pay tax rates of up to 75 percent: "Cuba without the sun," as described by a critic from the banking industry. Socialist President Francois Hollande's super tax was rejected by a court, …
The controversial tax changes have driven a number of high-profile millionaires out of the country, including actor …
The French government has caught the ire of local entrepreneurs with the legalization of a "millionaire tax" on companies that pay salaries of more than 1 million euros ($1.37 million). Employers will have to pay a 50 percent tax on the …