75%

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.

The Constitutional Council has approved a top income tax rate of 75% after its terms were modified to make employers liable for the payment.

The French government's proposed super-tax on top income earners will be re-drafted, but the terms and timing of its return in 2013 are uncertain.

Media reports suggest the new French government's proposed 75% tax on the super-rich is to tweaked to affect only some 1,000 mega-rich.