France's controversial "millionaire tax" is set to become law, allowing the government to levy a 75% tax on companies that pay salaries in excess of €1 million. The tax was approved by France's constitutional council on Sunday after an …
PARIS – 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 ($1.38 million) a year. The measure, …
It’s been dubbed the millionaire tax in France, and it just got the go-ahead from the country’s top court. French President Francois Hollande — who was once quoted saying he “didn’t like” the rich — originally proposed a two-year …
France’s Constitutional Council has tossed the 75 percent tax on millionaires because a major loophole made it discriminatory in the way it applied to certain households. The new tax rate is a key component of the agenda of the …
François Hollande’s promise of a 75 percent income tax rate on millionaires was a winner on the campaign trail, with polls showing that six in 10 voters supported it. But now that Hollande is president of France, the plan has caused so …
PARIS — France’s Constitutional Council gave the green light yesterday to the government’s “ millionaire tax,” to be levied on companies that pay salaries of more than 1 million euros ($1.38 million) a year. The measure, introduced in …
Back in 2012, France's President Hollande made good on a campaign promise and imposed a 75% tax on millionaires. There were some high-profile rich Frenchmen who exited the country, including Bernard Arnault, the chief executive of …
France
France’s Constitutional Council on Sunday upheld President François Hollande’s “millionaires' tax”, a 75-percent levy to be paid in 2013 and 2014 by companies on their portion of wages exceeding 1 million euros. The so-called …
A "millionaire's tax" which imposes a top tax rate of 75% has been ruled legal in France. The tax was a pre-election pledge by socialist president Francois Hollande, who swore the rich would help pull France out of its economic crisis, …
PARIS - 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 ($1.38 million) a year. The measure, …