France's Millionaire Exodus The wealthy are fleeing, too, because of high taxes. French actor Gerard Depardieu recently collected his Russian passport, offered by Russian President Vladimir Putin. Russia has a flat tax of only 13 percent. …
Millionaire emigration also hits government tax revenues and may be associated with loss of jobs and money outflows that can impact property prices and the financial markets. "France is being heavily impacted by rising religious …
The millionaire exodus could also hurt local economies, as many are business owners employing people and paying high taxes, the report said.
after opponents attacked the president’s move to scrap France’s wealth tax. Macron last week made good on a campaign pledge to abolish the wealth tax, a symbol of social justice for the left but blamed by others for driving thousands of …
Le Maire explained that controversial tax cuts for the wealthy were designed to stem the exodus of entrepreneurs and millionaires. A host of businessmen and entertainers have quit France for the United States, Switzerland, Belgium or …
Five hundred people attended a rally at Town Hall to help raise funds to support …
Morneau did fail to disclose the ownership structure of that property in France
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PARIS (Reuters) - President Emmanuel Macron fought off accusations of favoring the rich on Tuesday after making good on a campaign pledge to scrap France’s wealth tax - a symbol of social justice that has scared off thousands of …
they have the means to leave unlike middle class citizens." The millionaire exodus could also hurt local economies, as many are business owners employing people and paying high taxes, the report said.