29 Dec '13, 6pm

France approves 75% tax rate: This is rocket fuel for more EU capital flight, and good news for B…

29 December 2013 Last updated at 12:34 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print France's 75% tax rate gains approval by top court Zlatan Ibrahimovic is one of the top players bought in by wealthy owners at Paris Saint-Germain, who are currently top of Ligue 1 Continue reading the main story Eurozone crisis Bank staff fear for jobs and savings Is Cyprus's euro membership viable? Q&A: Cyprus deal German gamble France's highest court has approved a 75% tax on high earners that is one of President Francois Hollande's signature policies. The initial proposal to tax individual incomes was ruled unconstitutional by the Constitutional Council almost exactly one year ago. But the government modified it to make employers liable for the 75% tax on salaries exceeding 1m euros (£830,000). The levy will last two years, affecting income earned th...

Full article: http://www.bbc.co.uk/news/business-25541739

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