OrbitaxFinance Bill 2013 – 75% tax rate for high income earners removed by Constitutional Council
|Approved Changes|France
On 29 December 2012, the Constitutional Council considered incompatible the temporary 75% tax rate on high income earners with the French Constitution.
The 75% rate was supposed to apply to the part of the income exceeding EUR 1 million and be levied only for fiscal years 2013 and 2014.
Consequently, the 75% tax rate for high income earners will not be implemented in France in 2013.
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