REPORT: Socialist President Francois Hollande unveiled higher levies on business and a 75-percent tax for the super-rich on Friday in a 2013 budget aimed at showing France has the fiscal rigor to remain at the core of the euro zone.
The package aims to recoup 30 billion euros ($39 billion) for the public purse with a goal of narrowing the deficit to 3.0 percent of national output next year from 4.5 percent this year - France's toughest single belt-tightening in 30 years.
But the budget dismayed business and pro-reform lobbyists by preferring tax hikes and a simple freeze of France's high public spending to attacking ministerial budgets as Spain did this week in its battle to avoid an international bailout.
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http://mobile.reuters.com/article/idUSBRE88R0AK20120928?irpc=932
-ED
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