From Reuters: The government [of France] has been forced to redraft a proposed bill to levy a temporary 75 percent tax on earnings over 1 million euros, which had been one of Hollande’s campaign pledges.
The Constitutional Council has judged such a high rate of taxation to be unfair, leaving the government to rehash it to hit companies rather than individuals.
Here we go again. Tax the corporations like that won’t effect the individuals.
When will these socialists (here and in Europe) realize that when you tax a company —– THEY DON’T PAY THE TAXES!!!!
We (the consumer) do!