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France's 75% 'supertax' quietly dies with few mourners

Tax on top earners was a failure, with its watered- down version doing little to tackle wealth inequalities

Mon, Jan 05, 2015 - 5:50 AM

The tax, once a flagship policy of Mr Hollande, had a limited impact on his government's efforts to balance its books and pay off ballooning debts.

PHOTO: REUTERS

Paris

ONCE a flagship policy of French President Francois Hollande, the 75 per cent "supertax" on top earners limps into its final weeks this month having sparked plenty of controversy but few economic results.

It was no surprise that the policy, which expires on Feb 1, would be...

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