High Court Says ‘Non’ To French Millionaire Tax
France’s high court has issued a resounding “non!” to President Francois Hollande’s attempt to tax millionaires. Hollande’s controversial tax, slated to go into effect for 2013 revenues, would have imposed a 75% tax on individuals with revenues of more than 1 million euros (about $1.3 million U.S.). The tax was meant to raise money and…