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France's Hollande says EU seeks automatic tax data sharing

BRUSSELS (Reuters) - French President Francois Hollande said on Wednesday that European countries would start working in June on an automatic exchange of tax information, in a bid to recoup some of the billions of euros lost in tax evasion each year.Full story

Taxes on some wealthy French top 100 pct of income: paper

PARIS (Reuters) - More than 8,000 French households' tax bills topped 100 percent of their income last year, the business newspaper Les Echos reported on Saturday, citing Finance Ministry data. Full story

Brussels, Berlin lukewarm on Hollande's euro zone vision

BRUSSELS (Reuters) - European officials gave a lukewarm response to French President Francois Hollande's sweeping proposals for deeper euro zone integration on Friday, noting that many of his ideas were already in circulation. Full story

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  French president proposes 75% tax on rich

French president Francois Hollande vowed to help ease the country's stagnation and deficit by a 75 percent tax on incomes over a million euros, sparking outrage among entrepreneurs, who say it would kill any innovative spirit. NBC’s Michelle Kosinski reports.

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France's President Hollande addresses a news conference during a European Union leaders summit in Brussels
France's President Hollande addresses a news conference during a European Union leaders summit in Brussels

France's President Francois Hollande addresses a news conference during a European Union leaders summit in Brussels May 22, 2013. Hollande said on Wednesday that European countries would start working in June on an automatic exchange of tax information, in a bid to recoup some of the billions of eur

France's President Hollande arrives at a news conference during a European Union leaders summit in Brussels
France's President Hollande arrives at a news conference during a European Union leaders summit in Brussels

France's President Francois Hollande arrives at a news conference during a European Union leaders summit in Brussels May 22, 2013. Hollande said on Wednesday that European countries would start working in June on an automatic exchange of tax information, in a bid to recoup some of the billions of eu

Italy's PM Letta talks to France's President Hollande during a European Union leaders summit in Brussels
Italy's PM Letta talks to France's President Hollande during a European Union leaders summit in Brussels

Italy's Prime Minister Enrico Letta talks to France's President Francois Hollande during a European Union leaders summit in Brussels May 22, 2013. REUTERS/Francois Lenoir

France's President Hollande talks to EPP Schulz as they pose for a family photo during a European Union leaders summit in Brussels
France's President Hollande talks to EPP Schulz as they pose for a family photo during a European Union leaders summit in Brussels

France's President Francois Hollande talks to European Parliament President Martin Schulz as they pose for a family photo during a European Union leaders summit in Brussels May 22, 2013. REUTERS/Laurent Dubrule