France’s President Hollande finds loophole to impose 75% tax on the rich

“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.
Hollande will now propose to tax employers paying their workers more than €1 million. The measure, if approved, will last for two years.”

http://rt.com/business/75-rich-tax-hollande-france-042/

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