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France Unveils "Budget of Conquest"

French Prime Minister Jean-Marc Ayrault has said that nine out of 10 citizens will not see their income taxes rise in the new budget.

He has confirmed that there is to be a new 75% tax rate for people earning more than 1m euros (£800,000; $1.3m) a year.

He has not yet detailed how much taxes will rise for the rest of the top 10%.

Source: BBC. Read full article. (link)

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