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French President Hollande’s Plan to Tax Rich Touches Nerve
http://www.theworld.org/2012/07/french-president-hollandes-plan-to-tax-rich-touches-nerve/http://soundcloud.com/theworld/french-president-hollandes
At a recent press conference in Paris, Swedish soccer star Zlatan Ibrahimovic announced that a French team had signed him for about $17 million a year.
Soccer salaries often cause controversy, but Ibrahimovic’s created an instant scandal.
The next morning President Hollande had his deputy budget minister Jerome Cahuzac go on French radio, to denounce the record pay-out as indecent.
The French government’s reaction won’t just be indignation. If Hollande has his way, Ibrahimovic will get socked with a 75 percent income tax on his new mega-salary. Same goes for anyone earning more than about $1.2 million a year in France.
Soccer salaries often cause controversy, but Ibrahimovic’s created an instant scandal.
The next morning President Hollande had his deputy budget minister Jerome Cahuzac go on French radio, to denounce the record pay-out as indecent.
The French government’s reaction won’t just be indignation. If Hollande has his way, Ibrahimovic will get socked with a 75 percent income tax on his new mega-salary. Same goes for anyone earning more than about $1.2 million a year in France.
