civil services

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Civil services
Study material for Civil services

• The December 28 decision by the French
  constitutional court, the Conseil Constitutional,
  that President Francois Hollands showpiece 75
  per cent income tax for high earners is unfair
  and therefore unconstitutional may look like a
  severe political setback, but when examined more
  closely turns out not to be quite that.
• The court rejected the tax, which would have
  affected all with an annual income above one
  million, because French income tax is levied on
  households an not individuals, so it would not
  apply, for example, to a couple each of whom
  earns 900,000 but would apply to any individual
  earning a million euros or more.
• Only about 1,500 people would have had to pay the
  new rate, which was expected to raise 500
  million in a crucial contribution to Mr.
  Hollandes plans to reduce the budget deficit to
  3 per cent of GDP by 2014.