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Tuesday, December 31, 2013

French 'Millionaire Tax' Cleared:

French 'Millionaire Tax' Cleared:
It was originally intended as a 75 percent tax to be paid by high earners on the portion of annual income exceeding €1 million, or roughly $1.37 million, 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.

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