France Piles €20 Billion in Tax Hikes on Businesses and Wealthy
September 28, 2012Spread the love
The Financial Times reports France unveils tough budget measures The measures announced on Friday included the controversial 75 per cent marginal tax rate on earned income above €1m a year, put in place for two years. But, as promised by President François Hollande, France was largely spared the kinds of hefty cuts in public spending, pensions and salaries imposed in other eurozone countries struggling to contain their sovereign debt.
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France Piles €20 Billion in Tax Hikes on Businesses and Wealthy
