France is killing its 75 percent 'super tax'

The tax is due to expire at the end of this month, and unsurprisingly, it will not be renewed. Reuters describes the French economy, which has an unemployment rate of over 10 percent, as "sickly," and the hope is that this and other moves will help jumpstart things.

The French tax burden became one of the highest in the world when, in 2012, President Francois Hollande imposed a 75 percent "super tax" on earnings over 1 million euros ($1.2 million).

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Teresa Mull