Hollande’s 75% Income Tax Plan Receives Final Blow

The French State Council (Counseil d’Etat ) objected to President François Hollande’s controversial 75% top-margin income tax reform plan last Thursday, declaring that the tax could not exceed 66.66% without being “confiscatory.” Finance Minister Pierre Moscovici released on Friday the government’s acknowledgement and acceptance of their advice. The 75% tax would have only been imposed […]