Hollande: employers to pay tax "on the rich"

An income tax of 75% on high salaries of over 1 million euros annually - will be paid in France by employers.

A corresponding statement was made by President Francois Hollande on national television.

Introduction of a 75% tax is considered an emergency measure in view of the economic crisis. It is assumed that it will be applied for two years, starting from 2014.

Hollande also vowed no additional taxes would be levied on individuals in 2013 and 2014.