Hollande's millionaire tax struck down
Rahvusvahelised uudised 31 Dec 2012  EWR
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Honor Mahony, EUObserver
BRUSSELS - French president Francois Hollande suffered a major political blow over the weekend when his flagship policy to heavily tax the very rich was struck down.

The Constitutional Council on Saturday (29 December) ruled that the tax - 75 percent for those earning over one million euros a year - was unconstitutional because it taxed individuals rather than households.

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