PARIS (AP) — French President Francois Hollande has finally got his super tax on high incomes after the country's highest court upheld the law's latest version. 
 
 Hollande originally promised a 75 percent tax on income over 1 million euros ($1.38 million). It would have affected a tiny number of taxpayers, but it became a symbol of Hollande's campaign promise to make France fairer for the middle class. 
 
 But the constitutional council threw out that tax as unfair. 
 
 Hollande's administration rewrote the tax in the 2014 budget. It is now a 50 percent tax paid by the employer, and doesn't reduce employees' earnings. 
 
 The council ruled Sunday that tax was constitutional. In a series of rulings on the budget, it declared a change to the wealth tax that would have taxed latent revenue unconstitutional. 

 France's President Francois Hollande speaks at a news conference at the end of the first session of a two-day European Union (EU) leaders summit in Brussels October 19, 2012. 
 
 PARIS France's Constitutional Council gave the green light on Sunday to a 'millionaire's tax', to be levied on companies that pay salaries of more than 1 million euros ($1.38 million) a year. 
 
 The measure, introduced in line with a pledge by President Francois Hollande to make the rich do more to pull France out of crisis, has infuriated business leaders and soccer clubs, which at one point threatened to go on strike. 
 
 It was originally designed as a 75 percent tax to be paid by high earners on the part of their incomes exceeding 1 million euros, but the council rejected this, saying 66 percent was the legal maximum for individuals. 
 
 The Socialist government has since reworked the tax to levy it on companies instead, raising the ire of entrepreneurs. 
 
 Under its new design, which the Council found constitutional, the tax will be an exceptional 50 percent levy on the portion of wages exceeding 1 million euros paid in 2013 and 2014. 
 
 Including social contributions, its rate will effectively remain roughly 75 percent. The tax will, however, be capped at 5 percent of the company's turnover. 
 
 The Council, a court made up of judges and former French presidents, has the power to annul laws if they are deemed to violate the constitution. 
 
 (Reporting by Emile Picy; Writing by Natalie Huet; Editing by Mark Trevelyan)
– Francois Hollande finally got his millionaires tax today, with France's Constitutional Council clearing the way for the president's much-debated move to level the playing field for the middle class, reports Reuters. Hollande's tax was originally a 75% tax on income over $1.38 million; the council ruled that was unconstitutional, forcing Hollande to revise it into its present form—a 50% tax on income exceeding $1.38 million that is paid by the employer, notes the AP. The revision has not sat well with business owners.