French president Francois Hollande suffered a major political blow over the weekend when his flagship policy to heavily tax the very rich was struck down.
The Constitutional Council on Saturday (29 December) ruled that the tax - 75 percent for those earning over one million euros a year - was unconstitutional because it taxed individuals rather than households.\t
The loss of the tax, which would only have applied to around 1,500 individuals, is more politically than fiscally impor...
Back our independent journalism by becoming a supporting member
Already a member? Login here