François Hollande wants 75% company tax on salaries over 1m euros

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)

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