Reply With QuoteSay it ain't so. I thought the rich loved paying for the Socialist lifestyle.
The rich are ready to flee France
http://www.theaustralian.com.au/news...-1226338252996IF Francois Hollande is elected president next month, prepare to hear a lot more French around the world. The prospect of a soak-the-rich Socialist landing in the Elysee Palace has put the wind up the moneyed classes, prompting many to flee.Belgium and Switzerland are the two main havens expecting an influx of exiles fiscaux Francais after Mr Hollande and President Nicolas Sarkozy tried to outdo one another in the election campaign with pledges to squeeze the wealthy.Brussels, the favourite destination for well-heeled French families, has been dubbed "the 21st arrondissement of Paris". London, which already has a thriving young French business community, seems to be attracting more entrepreneurs.The latest rush abroad began last year when Mr Sarkozy embraced austerity and scrapped his "fiscal shield" for the wealthy, a 50 per cent ceiling of total personal tax that was one of his main policies in 2007.
http://www.publicserviceeurope.com/a...sels-tax-havenFrench elite are fleeing Paris, to live in Brussels 'tax haven'
Faced with increasing hostility at home, France's moneyed classes are taking flight to Belgium because they do not like either Hollande or Sarkozy - Brussels, on the other hand, seems to cater for all of the needs of the rich
France's wealthy do not feel the need to wait for the outcome of their country's presidential election; they are already voting with their feet. Convinced the rich will no longer be welcome under the next government, many are moving to neighbouring Belgium. Calls from France to tax lawyers and estate agents in Brussels are increasing in frequency by the week. When Socialist candidate François Hollande, the pollsters' favourite, broke clear of incumbent Nicolas Sarkozy after the first round of voting - Brussels estate agents reported receiving up to 20 calls a day from French house-hunters. Most were looking to rent four and five-bedroom properties in the capital's most desirable districts with an average budget of €3,500 a month.
Hollande - who famously said he "doesn't like the rich" - wants to put up the country's wealth tax; in French, impôt sur la fortune. Belgium, on the other hand "loves entrepreneurs," says Brussels-based tax lawyer Manoel Dekeyser. Belgium's salaried employees might suffer under some of the highest taxes in the European Union, but the fiscal system is quite forgiving for the cash-rich. "Half of all those who move to Belgium want to sell their company," Dekeyser tells PublicServiceEurope.com . "They are usually aged between 40 and 50." There is no capital gains tax in Belgium, meaning that those who sell a firm - provided they can prove residency - walk away with the entire profit. To preserve this money from France's wealth tax, they often stay permanently in Belgium.
By Brussels they don't mean the centre of the city, or the suburbs, Rich Eurocrats have been positioning themselves in the towns in the vicinity of the Capital where there are still larger plots of land available. Although the extra money would be good for Belgium, the arrival of more and financially powerfull French in and around the capital would likely cause more tensions in the Dutch speaking part of Belgium and the enclave of Brussels. Putting more pressure on the already fragile state of the Belgian Political system
Say it ain't so. I thought the rich loved paying for the Socialist lifestyle.
London has already benefitted tremendously from tax-evaders stashing billions in property investments there, for example most recently the Greeks. Same will probably be true of the French.
rich have so few money, that must be economical in every thing. like unemployed.
You have to pay 75% in taxes on every € you make over 1 000 000 € per year? These poor people will soon be begging in the streets!
Meh if thats the case I doubt they will be putting up with that for very long. This Hollande guy is just pandering to the poorer people of France the 99% if you will, no different than our president saying hes going to raise taxes on the rich and does nothing- it gets votes.Originally Posted by my name again
After a 17 years of UMP-rule in France I do not doubt for a minute that the socialists are sharpning their knifes for a few individuals who constantly supported the right side not only financially but also morally
10 years. Do not confuse Government and President.
sry the RPF transformation into the UMP slipped my mind
Damn facts they be stubborn.
France has the least Fiscal Evasion among the EU-9. Roughly 50 billion euros.
Germany - 240 billion.
UK - 110 billion.
Italy - 125 billion.
Incidentally the least tax friendly countries as per Physical imposition/Revenues have the most advantageous schemes and loopholes for Capital. Isn't this awesome?
But yes Ixelles, Rixensart, Waterloo and Lasne will be infested with French residents...or maybe not. Usually they just sign a couple of papers pay a fee and go back in France.
On a side note, the mass of French that comes and settles in Belgium is aged between 19 and 27. They usually come in to avoid the very selective process of concours in France (IAD/Polytech/Med School/Law School/Veterinarians and Kinés).
They'd be fools to run to America.
Silly question but does the French President have the authority to raise taxes on his own or does he have to work through the legislature? and is his party the majority in the legislature to support him? I'm not really familiar with the French system.
As an example here Obama is pres but the Opposition is the congress
It works the same way as the US for that one - it works through their Parlement which is the equivalent of the American congress - in order to make new Laws.
The next French elections are in june - so they elect members of their Parlement through local elections accross France.
When the French President just like Obama at the moment has to put up with a different color in the Parlement, he's screwed.
Some self-important pseudo-intellectual ****wad on my fb said that Hollande's possible election would be another step ahead for Quebec's independance. I dont know much to French politic system, but how could it be that France's president affect Quebec's political arena?
Im not some separatist ****stick btw so dont hate
Dude, don't try and understand those separatists, it'll just make your head hurt.Some self-important pseudo-intellectual ****wad on my fb said that Hollande's possible election would be another step ahead for Quebec's independance. I dont know much to French politic system, but how could it be that France's president affect Quebec's political arena?
Im not some separatist ****stick btw so dont hate
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