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Hollande Refuses to Back Down on French Super-Tax

Francois Hollande Close Up

François Hollande on Monday vowed to press on with his super-tax on the rich, despite a damning decision by France's top court to throw it out as unconstitutional. But it is uncertain when a new version of the tax will be introduced and whether it will be watered down.

Spain: The Pain of Austerity Deepens

Depression, Suicide

Forget, for a moment, the Greek tragedy. The tale of social woe set to play out in Spain this year is both bigger and more important to the world. For the drama of rescuing the euro, or letting it sink, will be played out on Spanish soil.

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France's Complicated Tax System May Be Main Problem

High tax levels in France have recently made the headlines, whether it be regarding the new 75 percent income tax, or over celebrities leaving the country on a quest for tax havens. But France's main tax issue may lie elsewhere, Fanny Combourieu, lawyer at SJ Berwin, a law firm specializing in tax law, told CNBC.

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