Discreet end to France's 75pct super-rich income tax

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The temporary super-tax of 75 per cent on earnings above 1 million euros introduced by the socialist government is due to end this month.

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When President François Hollande unveiled a "super-tax" on the rich in 2012, some feared an exodus of business, sporting and artistic talent. One adviser warned it was a socialist step too far that would turn France into "Cuba without sun", reports Reuters.