Tax rates that kill enterprise - L'Oreal Chief hits out at 75% income tax

France will find it "almost impossible" to hire top talent if the government goes ahead with plans to impose a 75 per cent marginal income tax rate, the head of L'Oreal, one of the country's biggest companies by market value, has said.

Jean-Paul Agon, chairman and Chief Executive of the worlds largest cosmetics company, stated " If there is such a new tax rule, it's going to be very, very difficult to attract talent to work in France, almost impossible at a certain level, of course" ... READ MORE

Released by the Financial Times - 26 September 2012