World

75 Percent Income Tax on Rich Struck Down as Unconstitutional in France

Doesn't recognize "equality before public burdens" because it applies to individuals not households the Constitutional Council ruled

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France's constitutional council has struck down a top income tax rate of 75% introduced by Socialist President Francois Hollande.

Raising taxes for those earning more than 1m euros (£817,400) has been a flagship policy for Mr Hollande.