France's Socialist president may save face with some supporters by resurrecting a 75 percent super-tax on million-euro salaries, but his plan to shift the levy from individuals to companies only alienated business leaders on Friday and impressed few even on the left, Reuters reported.Francois Hollande announced a re-draft late on Thursday of his plan for a 75 percent tax on income over 1 million euros - an election pledge that was crushed by the Constitutional Council - so that it hits companies rather than individuals.The rehash means he can maintain an emblematic tax rate meant to symbolise making the rich help pull France out of crisis, rather than having to cap it at the 66 percent France's top court says would be the legal maximum for individuals.Yet it will reinforce a view that Hollande is anti-business, and could reap even less for the cash-strapped government than the initial version, which would have raised some 200 million euros ($260 million) a year from around 1,500 millionaires.Analysts struggled to guess how many high-earners could be hit, but many of those on million-euro packages receive much of it in benefits like stock options that would likely be exempt.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor