France's lower house voted on Friday in favour of taxing the country's highest earners at a rate of 75%. The two-year measure would apply to earnings higher than one million euros, bringing the government an extra 210 million euros each year.
The French national assembly voted Friday to tax the highest earnings in the country at a rate of 75 percent, a campaign promise made by President Francois Hollande that has been criticised by conservative lawmakers.
The measure would affect earnings of more than one million euros ($1.3 million) per year and is supposed to last for only two years. It would be paid by an estimated 1,500 people and provide the government with an extra 210 million euros per year.
Date created : 2012-10-19