“France’s Constitutional Council gave the green light on Sunday to a ‘millionaire’s tax’, to be levied on companies that pay salaries of more than one million euros, or about $1.4 million, a year. The measure has infuriated business leaders and soccer clubs, which at one point threatened to go on strike. It was originally designed as a 75 per cent tax to be paid by high earners on the part of their incomes exceeding one million euros, but the council rejected this, saying 66 per cent was the legal maximum for individuals. The Socialist government has since reworked the tax to levy it on companies instead, raising the ire of entrepreneurs.”
http://www.cbc.ca/news/world/france-passes-75-millionaire-s-tax-1.2478390
Related posts:
Supreme Court Limits Warrantless Vehicle Searches Near Homes
Ron Paul - Tonight Show with Jay Leno 9/26/13
Greek REIT Said to Seek $1.4 Billion as Investors Return
White House says Egypt’s new regime is on the ‘wrong path’
Bankers balk as Postal Service plans payday loans, digital currency
The cashless society is coming. More reason than ever to use cash
Cat caught smuggling banned cell phones into Russian prison
ATMs being rolled out in Australia for online currency Bitcoin
UN denies Richard Branson's claim it will call for drug decriminalisation
Drones killing innocent Pakistanis, U.N. official says
Gene Editing With Electrical Fields: A Cancer Revolution?
Australia to Fly Guns and Ammunition Into Iraq
Study: Level of military substance abuse now a 'public health crisis,' Pentagon care outdated
FDA rewrites opioid narcotic labels to limit use for pain
Bitcoin ATMs coming soon