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Rate of 75% to force the French rich Great Escape

The higher the tax, tax avoidance desire, is in France. Before the adoption of the French Parliament by Fran?ois Hollande, the highest 75 percent tax law, the rich Great Escape action has begun.
The latest real estate data reflects France's richest family is to sell the property, citing the family moved to neighboring countries. This is because the French plan to levy a 75 percent income tax the rich more than 1 million euros (? 780,000) to the total revenue.
Exceed ? 72,000 of income other than levy the tax rate from 41% to 45%.
United Kingdom Sotheby's auction house's real estate sector revealed that between April and June this year, the French office to sell the value of more than 100 real estate more than 1.7 million euros, well above the year-earlier levels.
Sotheby's auction house real estate department, France, in charge of Alexander Kraft, said that the French presidential election results on the impact of our sales too much new government bills introduced by a large number of wealthy French families choose to leave the country. "
Swiss tax advisor Gilles Martin also found the same trend. He said on "20 Minutes" reported in Switzerland, "since the French Socialist Party came to power, the wealthy French I consulted a sudden increase, they are more reluctant to pay tax in Switzerland."
London-based real estate brokerage firm in the early days also reflects the rich in France ready to move to England to escape France's high taxes.
Last month, British Prime Minister David Cameron claimed that he was willing to use the "red carpet to welcome the French rich and businesses to pay taxes in Britain. His speech angered many French people.
He said, "If the French implementation of the maximum rate of 75%, then I roll out the red carpet to welcome French companies to the UK, they can pay taxes in the United Kingdom, for our medical services, education and other bill."
Fran?ois Hollande, the next how to do? Will be tax evasion to determine for the purpose of immigration as a crime? Immigration of people to pay taxes?



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