French President Francois Hollande received approval from the country’s constitutional court to proceed with his plan to tax salaries above €1 million at 75 per cent for this year and next.
Under Hollande’s proposal, companies will have to pay a 50 per cent duty on wages above €1 million. In combination with other taxes and social charges, the rate will amount to 75 per cent of salaries above the threshold, the court wrote in...
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