Monday, December 30, 2013

This should be interesting….

French court approves 75 percent company tax on high salaries



Paris (AFP)

France's top court on Sunday approved a proposal for companies to pay 75 percent tax on annual salaries exceeding one million euros in line with President Francois Hollande's drive to limit executive pay at a time of economic hardship.

The Constitutional Council had earlier in the year thrown out one of Hollande's key campaign pledges to impose a 75 percent tax on individuals earning more than one million euros…

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