France Council Blocks 75% Tax on Millionaires

Government plans to resubmit plan soon

By John Johnson,  Newser Staff

Posted Dec 29, 2012 11:31 AM CST

(Newser) – French President Francois Hollande's controversial plan to levy a 75% tax on income above 1 million euro ($1.3 million) has been rejected by a constitutional council, reports Reuters. The tax had been set to go into effect in 2013, despite the protests of...   Read full story »

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