An honorable member of the Coffee Shop Has Just Posted the Following:
France plans savage 75% tax rate for top earners as the rich vow to desert country if it goes ahead
France's highest earners are preparing to leave the country if Francois Hollande hikes up the top rate of tax.
One Paris law firm says it has been inundated with calls from wealthy businessmen asking if they should leave France if the socilaist President Francois goes ahead with his promise to introduce a 75 per cent tax rate on income above one million euros.
Vincent Grandil, partner of Altexis, which specialises in tax law, admitted his company has been receiving concerned calls from high earners since the French President's tax announcement.
He told the New York Times: 'We're getting a lot of calls from high earners who are asking whether they should get out of France.
'Even young, dynamic people pulling in 200,000 euros are wondering whether to remain in a country where making money is not considered a good thing.'
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02-11-2013, 03:10 AM
France plans savage 75% tax rate for top earners
