This time they want to tax salaries over €1 million at a 75% rate. This idea is making Barack Obama drool...
Businesses rather than employees will foot the bill for a new
75 percent tax on salaries over €1 million, French Finance Minister
Pierre Moscovici said in an interview with Les Echos on Thursday, while a
plan to cap directors’ pay has been dropped.
French businesses will face a 75 percent tax on employees’
salaries above €1 million a year under new legislation set to be
introduced by the country’s government in 2014.
However, the government will stop short of introducing a cap on
executive pay in the private sector, France’s Finance Minister Pierre
Moscovici revealed in an interview with French daily Les Echos published on Thursday.
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