Ronald Jackson's GLOBAL PERSPECTIVES NOW: 1% Must Pay 75%: Top French Court Backs President Francois Hollande's Drive to Limit Executive Pay

1% Must Pay 75%: Top French Court Backs President Francois Hollande's Drive to Limit Executive Pay

Occupy Wall Street Demonstration, Zuccotti Park, Oct 2011.
(Photo by Ronald David Jackson)

France's top court Sunday approved a proposal for companies to pay 75 percent tax on annual salaries exceeding $1.4 Million (US) in line with President Francois Hollande's drive to limit executive pay at a time of economic hardship.

According to the French government, this tax will affect some 470 companies and about 1,000 people.


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1% Must Pay 75%: Top French Court Backs President Francois Hollande's Drive to Limit Executive Pay

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