The 75% super-tax on the mega-rich, which was rejected by France's constitutional court might be imposed anyway. French President Francois Hollande suggests laying the burden on businesses rather than on individuals.
In the interview with France 2 television President Hollande said he has revised his original plan to lay the massive tax on individuals earning above €1 million, which has been ruled “unfair” and rejected by the Constitutional Court and later the State Councils, leaving the President embarrassed.
France’s top administrative court ruled that any tax rate above 66% was likely to be rejected again by the Constitutional Council, the Finance Ministry said last week. With this in mind, Hollande will now propose to tax employers paying their workers more than €1 million. The president said in the interview that the measure, if approved, will last for two years .... http://rt.com
