logo
logo
French President announces 75% tax on companies for salaries above 1m
CLICK IMAGE FOR FULL VIEW
Now Reading: French President announces 75% tax on companies for salaries above 1m

PUBLISHED  09:21 March 28, 2013

By NEOnline

127
shares
Share on Facebook
Share on Twitter
Share on Google+
Share on LinkedIn
What's this?

French companies will pay a 75% tax on all salaries higher that one million Euros, the French President, Francois Hollande announced Thursday evening.

 Mr. Hollande said that “the company will have a contribution to pay that will reach 75%. During these difficult times, can’t those that are at the top make an effort for 2 years? The company will thus become responsible”.  “When the salary of a CEO reaches above one million Euros, the company will be taxed by 75%”, he explained

 Finding himself at the lowest popularity ratings, the French President made this announcement during an interview with David Pujadas at the French TV channel “France 2”, while trying to explain the policies of his government. "I am not a Socialist president. I am a Head of State", he declared

Share on Facebook
Share on Twitter
Share on Google+
Share on LinkedIn
New Europe