French president François Hollande may have finally found a way to tax the really rich: by making their companies pay.
In a televised interview on Thursday night, he said he wants companies that pay their employees more than €1m (£840,000) to pay 75% tax on those salaries.
The proposed tax, which needs to be approved by parliament, replaces one of Hollande’s signature campaign proposals: to tax individuals who earns more than €1m at 75%. That was thrown out by France’s highest court.
Full article: François Hollande wants 75% company tax on salaries over 1m euros (The Guardian)