French Socialists struggle with millionaire tax
PARIS - France 24
France’s ruling Socialist government was struggling to rebound a week after the Constitutional Council struck down its law to tax the country’s highest earners at a 75% rate, with government ministers publicly disagreeing on how to rescue one of President François Hollande’s flagship measures.
On Sunday, Finance Minister Pierre Moscovici told France Inter radio that the bill was being re-written and that it would be an “exceptional, temporary” law that should not outlive France’s current economic slump.
Moscovici’s words appeared to contradict comments made earlier in the
day by Budget Minister Jérôme Cahuzac, who spoke of a “permanent” tax
that would be on the books no later than the autumn of 2013.
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