The Full Feed from HuffingtonPost.com: France's 75 Percent Tax On The Super Rich Smacked Down By Country's High Court

The Full Feed from HuffingtonPost.com The Full Feed from HuffingtonPost.com

France's 75 Percent Tax On The Super Rich Smacked Down By Country's High Court Dec 29th 2012, 15:28 PARIS -- Embattled French President Francois Hollande suffered a fresh setback Saturday when France's highest court threw out a plan to tax the ultrawealthy at a 75 percent rate, saying it was unfair. In a stinging rebuke to one of Socialist Hollande's flagship campaign promises, the constitutional council ruled Saturday that the way the highly contentious tax was designed was unconstitutional. It was intended to hit incomes over (EURO)1 million ($1.32 million). Read More... More on Video

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