Hollande faces questions on tax pledge
September 6, 2012 8:42 pm
By Hugh Carnegy in Paris
President François Hollande’s socialist government was facing mounting questions on Thursday night over whether it was preparing to back down on its controversial 75 per cent marginal tax rate for the rich.
Responding to reports that the rate would be reduced to 67 per cent, that all non-salary income would be exempt and couples would only be exposed on joint income above €2m, officials said no decisions had yet been made on how the tax would be levied.
The officials admitted that “lots of scenarios” were under discussion in the Elysée palace and the finance ministry on exactly how the tax would be introduced when it is put into force at the beginning of next year. A decision is due in time for the 2013 budget in two weeks’ time.
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