L’ORÉAL BOSS OPPOSES FRENCH 75% TAX RATE
October 1st, 2012
BY KEITH NUTHALL
THE CEO of L'Oréal is resisting French government plans to impose a 75% tax rate on incomes above Euro EUR1million. The new socialist administration of President Francois Hollande has published a budget including the controversial idea, and L'Oréal's Jean-Paul Agon is opposing it, warning: "It's going to be...very difficult to attract talent to work in France...."
ENDS
THE CEO of L'Oréal is resisting French government plans to impose a 75% tax rate on incomes above Euro EUR1million. The new socialist administration of President Francois Hollande has published a budget including the controversial idea, and L'Oréal's Jean-Paul Agon is opposing it, warning: "It's going to be...very difficult to attract talent to work in France...."
ENDS
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.