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France to Tax Companies 75 pct on $1.3M Salaries

PARIS (AP) — French President Francois Hollande may have finally found a way to tax the really rich: by making their companies pay.
In a televised interview Thursday night, he said he wants companies that pay their employees more than 1 million euros ($1.3 million) to pay 75 percent payroll taxes on those salaries.


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