|France's Hollande Hits Companies with 75 Percent Wealth Tax|
President said shifting the millionaires' tax onto companies would be a way of getting the wealthiest French to contribute to ending the crisis
French President Francois Hollande declared on 28th March that companies would have to pay a 75 percent tax on salaries over a million euros after his plan for a super-tax on individuals failed.
New attempt of implementing the 75 percent tax saved Hollande some face after the Constitutional Court crushed what had been his most high-profile campaign promise to his left-wing base.
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Published on our website on April 8, 2013