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  • French Superstar Actor Joins List of Tax Expats

    From cnbc.com

    Two months after Bernard Arnault’s bid for Belgian citizenship shocked France, another major cultural figure has crossed the border in a quest for lower taxes. Indeed, according to Belgian newspaper Le Soir, French superstar actor, Gerard Depardieu, has recently bought a mansion in the southern Belgium’s francophone region. His new home is in the town of Nechin, located just about a mile from the border, where French expats notoriously make up 27 percent of the local population. The move could allow the quintessentially French actor to escape the tax increases put up by the recently elected Socialist government ... (full story)

As I say in many occasions - communists and socialists have no clue of economy drive principles.
  •  Guest
  • | IP XX.X.227.214
Yes, isn't it amazing that the Scandinavian countries that are hughly socialist always rate the highest in happiness in spite of their high taxes? What's wrong with the these numbskulls that they want to spend their money on people rather than giving it to the banksters like Bernanke and Drahgi????
Seventy five percent tax? That's so OTT. And what do you get in return?
forget about tomorrow, just steal away into the night
Exactly my point - "Get from the rich and give to the poor" is only a populist street cry - not a good macro-economy drive...

75% tax is equal to confiscation - nobody will accept that easily - and French people, the "poor" people are going paying for that capital "flee"...
All this will do is drive the rich away and make tax heavens such as Switzerland even more popular, a short sighted policy.
  •  Guest
  • | IP XX.XXX.127.50
75% is after 1 million euro revenu (not capital gain), without tax gimmick
Infact they finally just pay less than poor people, nearly 20% like in USA.
All countries don t tell the truth about french fiscal model. Thanks to these lies, no rich people come in France.
It has also been said that France is socialist but "socialist" does not mean the same thing for every country
Quoting spekitox
Seventy five percent tax? That's so OTT. And what do you get in return?
Healthcare and dole cheques!
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
Just a matter of time before things like this start gaining momentum in the states...
  •  Guest
  • | IP XX.XXX.127.50
Don t forget
health care system
pension giving by the State until your death
grant
allocation

At the end, French patrimony per adult is the one of the most important in the world before UK GERMANY USA
behind Swiss, Norway,
  •  Guest
  • | IP XX.XXX.127.50
Don t forget that in France they retire at 60/62
They globally work 35Hours a week
and the minimum salary is 1300€
few people live under the poverty line even if there many homeless in Paris
  •  Guest
  • | IP XXX.XX.223.146
"75% is after 1 million euro revenu" and for a period of two years only
  •  Guest
  • | IP XX.XXX.127.50
if you earn €1,1 million
you pay 75% x €100 000 and 33% x €1M
= 36,8%
AND you also benefit from many adjustement, tax gimmick
Finaly you pay few taxes, arround 20%-34%
Many exemples have been given (Miss Bettencourt, Dassault, Pinaut, Arnault) They pay less taxes than poor people. And it is a shame!
That is why they implement this "75%"
Quoting Guest
...At the end, French patrimony per adult is the one of the most important in the world before UK GERMANY USA, behind Swiss, Norway,
So explain please, does this mean that France is behind Switzerland in patrimony?
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  •  Guest
  • | IP XX.XXX.127.50
I MEAN THIS

THE WORLD'S WEALTHIEST
The following countries placed in the top ten for average individual wealth in the 2012 Credit Suisse Global Wealth Report. The study measured global wealth between July 1, 2011 and June 30, 2012.

1. Switzerland: $468,186 per person

2. Australia: $354,986 per person

3. Norway: 325,989 per person

4. Luxembourg: $277,119 per person

5. Japan: $269,708 per person

6. France: $265,463 per person

7. US: $262,351 per person

8. Singapore: $258,117 per person

9. Britain: $250,005 per person

10. Sweden: $237,297 per person
Quoting Guest
if you earn €1,1 million
you pay 75% x €100 000 and 33% x €1M
= 36,8%
AND you also benefit from many adjustement, tax gimmick
Finaly you pay few taxes, arround 20%-34%
Many exemples have been given (Miss Bettencourt, Dassault, Pinaut, Arnault) They pay less taxes than poor people. And it is a shame!
That is why they implement this "75%"
Please explain why Warren Buffet pays an effective tax rate less than his secretary. I know why and most of the traders on this forum know why...I am just wondering if you are willing to explain it or say it outloud so the real noobs might understand- OURfriends here in US dont like to actually like to splain it
Quoting Guest
I MEAN THIS

THE WORLD'S WEALTHIEST....
Ah-ha, sounds to me like you are saying that just because somebody has a lot then it should be removed from them and given to those without so much. Is this true?
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
Quoting Exodus
Ah-ha, sounds to me like you are saying that just because somebody has a lot then it should be removed from them and given to those without so much. Is this true?
Dont hold your breath on response- I may be wrong but I would suggest our guest friend doesnt want to answer my question because then he might have to explain about profits being taxed twice, as corporation first, then again at individual level...

Or the whole idea of capital gains taxed at lower level toINCENTI VISE (SP) investing in our ECONOMY.

Its easy to demonize someone who is taxed at cap gain levels if you choose to ignore fact that one could lose that all your money
France = Ineptocracy
a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers
Quoting Villageidiot
Dont hold your breath on response- I may be wrong but I would suggest our guest friend doesnt want to answer my question because then he might have to explain about profits being taxed twice, as corporation first, then again at individual level......
He is not my friend, otherwise he would have an account on FF. I think he is just a socialist French spammer with little understanding of creating anything.

Quoting Mingary
France = Ineptocracy
a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers
Very eloquently put.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
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  •  Guest
  • | IP XX.XX.14.87
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  • Story Stats
  • Posted: Nov 14, 2012 7:21am
  • Submitted by:
     Newsstand
    Category: Entertainment News
    Comments: 19  /  Views: 3,921