FRENCH 75% INCOME TAX STRUCK DOWN BY CONSTITUTIONAL COUNCIL
Raising taxes for those earning more than 1m euros (£817,400) has been a flagship policy for Mr Hollande.
The policy angered France's business community and prompted some wealthy citizens to say they would emigrate.
Mr Hollande's government said it would rework the tax, due to take effect in 2013, to meet the council's complaints.
In its ruling on Saturday, the Constitutional Council said
the new tax rate "failed to recognise equality before public burdens"
because, unlike other forms of income tax, it was to be applied to
individuals rather than households.
No comments:
Post a Comment