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.\t
The loss of the tax, which would only have applied to around 1,500 individuals, is more politically than fiscally impor...
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