French Senate Votes Against 'Super Tax' Plan For Those Making More Than €1M
French President Francois Hollande "has suffered a blow in his bid to introduce a controversial ‘super tax’ into the domestic game after the French Senate voted to reject the proposal," according to SOCCEREX. The government of President Hollande "has long sought to introduce a 75% upper income tax rate" that will apply to anyone earning in excess of €1M ($1.4M) per year. The new tax "is seen as a means to aid the ailing French economy," but clubs and the French Football League, which had given its full backing to the strike action, "have repeatedly expressed their concern over its impact." However, while France’s upper House of Parliament has voted against the measure, its lower house, the National Assembly, "is yet to determine its stance" (SOCCEREX, 11/27).