French election: Hollande wants 75% tax on top earners
The Socialist favourite in France's presidential election, Francois Hollande, has said top earners should pay 75% of their income in tax. "Above 1m euros [£847,000; $1.3m], the tax rate should be 75% because it's not possible to have that level of income," he said.
Speaking on prime time TV, he promised that if elected, he would undo tax breaks enacted by Nicolas Sarkozy.
The tax proposal was condemned by his political opponents.
Opinion polls suggest the gap between the Socialist candidate and Mr Sarkozy has narrowed.
The two are tipped to reach the run-off on 6 May, after eliminating other rivals on 22 April.
Taxation for the rich has become a hot campaign issue, with tax advisers in neighbouring Switzerland saying that higher taxes for the wealthy in France could spark an exodus, Reuters news agency reports.
Many of France's richest celebrities already live abroad.
BBC News - French election: Hollande wants 75% tax on top earners
The Socialist favourite in France's presidential election, Francois Hollande, has said top earners should pay 75% of their income in tax. "Above 1m euros [£847,000; $1.3m], the tax rate should be 75% because it's not possible to have that level of income," he said.
Speaking on prime time TV, he promised that if elected, he would undo tax breaks enacted by Nicolas Sarkozy.
The tax proposal was condemned by his political opponents.
Opinion polls suggest the gap between the Socialist candidate and Mr Sarkozy has narrowed.
The two are tipped to reach the run-off on 6 May, after eliminating other rivals on 22 April.
Taxation for the rich has become a hot campaign issue, with tax advisers in neighbouring Switzerland saying that higher taxes for the wealthy in France could spark an exodus, Reuters news agency reports.
Many of France's richest celebrities already live abroad.
BBC News - French election: Hollande wants 75% tax on top earners
