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Hollande bats for new tax on the rich
Paris (Agencies): French President Francois Hollande said on Thursday he would continue to push for a new tax on the rich even after it was ruled void...
Paris (Agencies): French President Francois Hollande said on Thursday he would continue to push for a new tax on the rich even after it was ruled void by the country's highest authority on constitutional issues. He said, however, he would change his strategy slightly and require companies to collect the tax. "Enterprises will pay the tax of 75% on income of more than one million euros," he said in an interview with the television station France 2. Beyond that he ruled out additional taxes for this year and next. His Socialist Party came to power last year promising to increase taxes on the wealthy. His proposed tax on the rich was ruled void in late December by the 12-member Constitutional Council.