Francois Hollande: Blow for French president as court throws out plans for 75% supertax on wealthy

Blow for French president Hollande as court throws out plans for 75% supertax on wealthy Stinging rebuke to one of Socialist leHollande's flagship campaign promisesHis largely symbolic measure was intended to hit incomes over 820,000But would have brought in just 250m – compared to France's 70bn deficit | UPDATED: 14:47 GMT, 30 December 2012 French President Francois Hollande suffered a fresh setback yesterday when his country's highest court threw out a plan to tax the ultra-wealthy at a 75 per cent rate and said it was unfair.

Lucien Freud estate to give selection of his favourite pieces to the nation to pay off late artist"s 10million tax bill

Lucien Freud estate to give selection of his favourite pieces to the nation to pay off late artist's 10million tax bill Executors offer works by Edgar Egas abd Jean-Baptiste-Camille Corot Government panel understood to have accepted applicationMinisters will have to ratify decision and decide which museums will benefit | UPDATED: 23:25 GMT, 22 December 2012 With his intensely personal portraits, Lucian Freud often defied convention. And now the late artist’s estate has found an equally unorthodox way to settle his 10 million inheritance tax bill – by trading in parts of his art collection