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DEC 30, 2013 - Huffington Post

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France Cleared To Impose Unbelievably High Tax On The Rich

* 75 pct tax for top earners will be levied on companies * Proposal infuriated business leaders and soccer clubs * Supertax to be capped at 5 pct of a company's turnover PARIS, Dec 29 - France's Constitutional Council gave the green light on Sunday to the government's controversial 'millionaire tax', to be levied on companies that pay salaries of more than 1 million euros ($1.38 million) a year. The measure, introduced in line with a pledge by President Francois Hollande to make the rich do more to pull France out of crisis, has infuriated business leaders and soccer clubs, which at ... Read More

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