L'Oréal boss opposes French 75% tax rate

Published: 10-Oct-2012

Jean-Paul Agon says it would make it tough to attract talent to work in France


The ceo of L'Oréal is resisting French government plans to impose a 75% tax rate on incomes above €1m. The new socialist administration of President Francois Hollande has published a budget including the controversial idea, and L'Oréal's Jean-Paul Agon is opposing it, warning: "It's going to be… very difficult to attract talent to work in France."

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