France - 75% tax rate for high income earners removed by Constitutional Council

On 29 December 2012, the Constitutional Council considered incompatible the temporary 75% tax rate on high income earners with the French Constitution.
The 75% rate was supposed to apply to the part of the income exceeding EUR 1 million and be levied only for fiscal years 2013 and 2014.
The 75% tax rate for high income earners will not be implemented in 2013.