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martin84
Original Poster
5,366 posts
22 months
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Apologies for using the Mail's link, my eye was caught by a story about it raining Seaweed and then stumbled across this. http://www.dailymail.co.uk/news/article-2185231/Hi...Mail said: 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.
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Skipppy
1,065 posts
79 months
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Between that and the financial transaction tax he is really aiming to put France's economy in the bin.
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Gaz.
47,148 posts
120 months
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Wasn't a brain drain predicted in the run up to the elections should Hollande win?
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Puggit
29,487 posts
117 months
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Gaz. said: Wasn't a brain drain predicted in the run up to the elections should Hollande win? Even Cameron mentioned it, saying we'd happily let the rich French come over.
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martin84
Original Poster
5,366 posts
22 months
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Johnny Hallyday has already left  So long as he hasn't come here...
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otolith
19,363 posts
73 months
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Cool, perhaps they could come and pay tax here instead.
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Marf
22,907 posts
110 months
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Puggit said: Even Cameron mentioned it, saying we'd happily let the rich French come over His comments did make me chuckle(paraphrasing) "So Mr Cameron, what do you think about the possibility of a 75% top tax rate in France" "We look forward to welcoming an influx of businesses and talent once it goes ahead" Just reinforces my view that we need to differentiate ourselves from Europe and make ourselves the place for businesses to come to grow in Europe.
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martin84
Original Poster
5,366 posts
22 months
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How is this going to help Hollande's 'growth agenda' then? Hard to raise extra tax money when there's nobody there to pay it.
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otolith
19,363 posts
73 months
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martin84 said: How is this going to help Hollande's 'growth agenda' then? Hard to raise extra tax money when there's nobody there to pay it. We will just further increase the taxes and lower the allowance, comrade!
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Puggit
29,487 posts
117 months
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martin84 said: How is this going to help Hollande's 'growth agenda' then? Hard to raise extra tax money when there's nobody there to pay it. Martin, I really respect your free thinking mind. It makes a refreshing change 
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Puggit
29,487 posts
117 months
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otolith said: Cool, perhaps they could come and pay tax here instead. They already have an MP for London (ok, sort of...)
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martin84
Original Poster
5,366 posts
22 months
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Puggit said: Martin, I really respect your free thinking mind. It makes a refreshing change My mind has always been free thinking. I'm surprised you thought otherwise
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HundredthIdiot
4,353 posts
153 months
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Proper socialists don't mind if everyone remaining in their country is poor. In fact, it's mission accomplished.
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otolith
19,363 posts
73 months
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HundredthIdiot said: Proper socialists don't mind if everyone remaining in their country is poor. In fact, it's mission accomplished. Relative poverty has been eliminated!
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martin84
Original Poster
5,366 posts
22 months
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The article says Hollande is their first socialist President since Mitterand. Isn't that the guy who essentially put a gag on the entire French media with bonkers privacy laws which meant French people only discovered all sorts of scandals after he left?
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Jimbeaux
25,725 posts
100 months
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martin84 said: How is this going to help Hollande's 'growth agenda' then? Hard to raise extra tax money when there's nobody there to pay it. Good question; we are busy here trying to avoid the same fate.
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Crafty_
4,525 posts
69 months
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Wasn't there an article a couple of months ago saying that some financial companies were looking to open offices here as staff wished to avoid this taxation stuff and estate agents were seeing increased interest from foreign buyers in well to do areas of london?
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rs1952
3,274 posts
128 months
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One of the problems with politicians, if not human beings in general, is that they won't learn from the mistakes of others.
"We're going to squeeze the rich until the pips squeak" said a certain well-eyebrowed labour Chancellor of the Exchequer back in the 70s.
Two things happened - the super rich buggered off, and the same Chancellor went to the IMF for a bailout.
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Gaz.
47,148 posts
120 months
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Crafty_ said: Wasn't there an article a couple of months ago saying that some financial companies were looking to open offices here as staff wished to avoid this taxation stuff and estate agents were seeing increased interest from foreign buyers in well to do areas of london? Damand was so great the Estate Agents had to hire people fluent in French.
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Derek Smith
16,039 posts
117 months
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rs1952 said: One of the problems with politicians, if not human beings in general, is that they won't learn from the mistakes of others.
"We're going to squeeze the rich until the pips squeak" said a certain well-eyebrowed labour Chancellor of the Exchequer back in the 70s.
Two things happened - the super rich buggered off, and the same Chancellor went to the IMF for a bailout. This promises to be a big bonus for this country. Those who weren't paying much tax in their own country will come over here and pay none at all. Everyone happy.
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