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Sacré bleu! French 75% income tax struck down by constitutional council

France's constitutional council says it is overturning an upper income tax rate of 75% introduced by Socialist President Francois Hollande. The tax rise for those earning more than 1m euros (£817,400) has been a flagship policy for Mr Hollande, who was elected in May. The policy angered France's business community and prompted some wealthy citizens to say they would emigrate.


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