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.
Cracking down: France's President Francois Hollande plans to increase tax on earners over one million euros to 75%
'Even young, dynamic people pulling in 200,000 euros are wondering whether to remain in a country where making money is not considered a good thing.'
Read more: http://www.dailymail.co.uk/news/article-2185231/High-earners-planning-leave-France-75-tax-rate-income-1million-euros-goes-ahead.html#ixzz2Gkj3ymnP
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