Those in France earning more than €1 million will be subject to a 75% tax, now that the country’s top court ruled the measure constitutional, reports the BBC.
This is the second time the French government has attempted to implement such a measure. The first attempt was blocked by the court when it ruled the tax on individual incomes was unconstitutional in 2012.
After the first court ruling, the government changed the proposed tax to make employers responsible for levying the tax on all salaries over €1 million, the BBC reports. The new tax will apply to income earned in 2013 and 2014.
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