France must cap proposed supertax at 66 percent - paper

PARIS (Reuters) - France's top administrative court will tell Socialist President Francois Hollande on Thursday a controversial supertax on millionaires cannot top two-thirds of their earnings, Le Figaro newspaper reported. Hollande's plans announced last year for an exceptional 75 percent supertax on personal annual earnings over 1 million euros ($1.30 million) were knocked down by France's Constitutional Council, which ruled the levy unfair. His government promised to rework the plan, but sought the guidance of the court to avoid another embarrassing rejection. ...