France Unveils "Budget of Conquest"
Top earners to see income tax rate of seventy-five percent
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%.