Author (Person) | Carnegy, Hugh |
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Series Title | Financial Times |
Series Details | 28.2.12 |
Publication Date | 28/02/2012 |
Content Type | News |
François Hollande, the Socialist challenger for the French presidency in 2012, launched a surprise offensive against top earners on the 28 February 2012, proposing a marginal tax rate of 75% on incomes above €1m a year – a level far in excess of top rates elsewhere in Europe. Quickly condemned by President Nicolas Sarkozy, who he aimed to unseat in the election in April / May 2012, Mr Hollande said the rising level of executive pay at top companies, which he said averaged €2m a year, was unacceptable. |
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Countries / Regions | France |
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