Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
President Taxes The Rich (In France)
Posted
January 5, 2014
Views
74,763
Likes
2,231
Comments
1,120
Engagement
4.48%
January 5, 2014
74,763
2,231
1,120
4.48%
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4:48Now Playing"France's Constitutional Council gave the green light on Sunday to the government's controversial 'millionaire tax', to be levied on companies that pay salaries of more than 1 million euros (837 thousand pounds) a year.
The measure, introduced in line with a pledge by President Francois Hollande to make the rich do more to pull France out of crisis, has infuriated business leaders and football clubs, which at one point threatened to go on strike.
It was originally designed as a 75 percent tax to be paid by high earners on the portion of annual income exceeding 1 million euros, but the council rejected it last year, saying it was unfair. France's top administrative court later said that 66 percent was the legal maximum for individuals.
Emile Picy & Natalie Huet / Reuters UK:
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