Leaving France To Lower Tax

French president François Hollande’s plans to introduce a supertax of 75% on all income over one million, got many French rich and famous people to leave their country and surrender their French passport.

One of the world’s most famous Frenchmen, Gérard Depardieu, is in the process of giving up his French passport and is now a Russian, after Vladimir Putin personally granted him citizenship on 3rd January.

It’s fairly clear the main attraction of Depardieu’s new domicile is its 13% flat income tax rate, since the actor has been flamboyantly fulminating for ages about French president François Hollande’s plans to introduce a supertax.
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