Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

3/26/2013 (2 years ago)

Catholic Online (www.catholic.org)

High-profile French artists such as Gerard Depardieu, Jean-Michel Jarre have fled for other lands

Do we reap what we sow? France's exorbitant taxes on its wealthy have sent many scurrying to other lands. Film star Gerard Depardieu, who was recently seen in the hit film "The Life of Pi" was among a clutch of high-profile French millionaires who have left France due to taxes.

Gerard Depardieu, last seen as the slovenly ship's cook in the hit film 'Life of Pi,' is among the high profile members of French society who have fled their homeland due to exorbitant taxes.

Gerard Depardieu, last seen as the slovenly ship's cook in the hit film "Life of Pi," is among the high profile members of French society who have fled their homeland due to exorbitant taxes.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

3/26/2013 (2 years ago)

Published in Europe

Keywords: Frances, taxes, real estate, Gerard Depardieu, Jean-Michel Jarre, expatriates


LOS ANGELES, CA (Catholic Online) - It seems that the new taxes do not reward the successful as many successful French entrepreneurs have since gone abroad -- costing the country up to a million jobs, according to a new report.

Tax hikes and employment regulations imposed by both left and right wing governments over the past 20 years have sent 60,000 French businessmen abroad, who employ around 16 people each.

The figures were released amid a flood of wealthy French quitting France this year to avoid a whopping tax of 75 percent on all earnings over one million euros.

Depardieu, the Mulliez families who own the Auchan supermarket chain, electronic music icon Jean-Michel Jarre and France's richest man Bernard Arnault have all left France over the last six months.

Three percent of the two million French living abroad now own companies. If they had not left there, there would one million more people in work in France, according to the Concorde think tank. Newspaper reports call this figure "a conservative estimate."

"I am troubled to read in the papers that the exile has begun, and that companies are fleeing," France's economy minister Pierre Moscovici said in reaction. Speaking to a conference of business leaders in Paris, "I also lament attacks on the government's economic policies that are in vogue in France and abroad. Le French-bashing is terrible."
 
Laurence Parisot, the head of MEDEF, also warned that left-wing economic policies risked turning France into "the poor man of Europe.

"Large foreign investors are shunning France altogether. It's becoming really dramatic.

"Ten years ago, Germany was the poor man of Europe and if we don't act now, that title will soon be ours."

In addition, Paris estate agents said last September that France's luxury property market had hit a "selling panic" as the super-rich rushed to flee new higher taxes.

"It's nearly a general panic. Some 400 to 500 residences worth more than one million euros have come onto the Paris market since May," Estate agent Daniel Feau says.



---


Pope Francis: end world hunger through 'Prayer and Action'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for July 2015
Universal:
That political responsibility may be lived at all levels as a high form of charity.
Evangelization: That, amid social inequalities, Latin American Christians may bear witness to love for the poor and contribute to a more fraternal society.



Comments


More Europe

Not London, New York or Paris: Luanda, Angola the most expensive city on Earth for... Watch

Image of According to Mercer's annual Cost of Living survey, places Luanda as by far the priciest city for foreign workers to live.

By Catholic Online (NEWS CONSORTIUM)

It's nowhere as well known as New York, Paris or London - but Luanda, Angola remains the most expensive city by far for expatriates to live in. Luanda ranked as the most expensive city to live in for the third time in a row. LOS ANGELES, CA (Catholic Online) - ... continue reading


Discovery of purported 'Nazi gold train' taken seriously in Poland Watch

Image of

By Catholic Online (NEWS CONSORTIUM)

The declarations from a German man and Polish man of discovery a long-lost Nazi train filled with gold and other treasures is being taken seriously by Poland's deputy culture minister. He says he is "convinced" the train exists. LOS ANGELES, CA (Catholic ... continue reading


Abandoned truck holds over 20 dead migrants in Austria Watch

Image of Truck found abandoned carrying the bodies of more than 20 dead migrants

By Kenya Sinclair (NEWS CONSORTIUM)

A police manhunt takes place after the discovery of an abandoned truck containing the bodies of migrants attempting to cross Austria's border. LOS ANGELES, CA (Catholic Online) - Austrian police report up to 50 migrants suffocated in the back of a refrigerated food ... continue reading


Vatican involvement in Ashley Madison Web site leak disproven Watch

Image of At first glance, the claim seems questionable - why would top Church officials sworn to celibacy sign up for a Web site for married people, and no less one that promotes adultery?

By CNA/EWTN News

Early this week, a leak of personal data from millions of users of Ashley Madison, a Web site designed to arrange extramarital affairs, wreaked havoc on and off the internet. Vatican City (CNA/EWTN News) - At least two suicides have been reported in conjunction ... continue reading


Four-star General reveals horrendous WWII scenes in never-before-seen photographs (PHOTOS) Watch

Image of

By Hannah Marfil (NEWS CONSORTIUM)

Four-star General Charles Day Palmer detailed the fights in Western Front during World War II by taking snapshots of the bombed-out cities and lifeless bodies. He kept personal photos of the battlefields in Germany and France and is now releasing them to the public for ... continue reading


Brainwashed teenage girl taken away from radical jihadi parents Watch

Image of Judge Anthony Hayden, pictured, today compared the radicalization of the 16-year-old girl, known as B as similar to that as child sex abuse.

By Catholic Online (NEWS CONSORTIUM)

A 16-year-old girl in East London has been removed from her home after a judge ruled that she was being radicalized by her parents with Islamic State propaganda. The straight-A student, known only as "B" was stopped last year when she tried to fly to Syria to ... continue reading


HEROISM - AND EXTREME COWARDICE: American service members disarm terrorist aboard train - as train's staff lock themselves in office, denying help Watch

Image of U.S. serviceman Spencer Stone answering reporters' questions at the U.S. embassy in Paris this past weekend.

By Catholic Online (NEWS CONSORTIUM)

It was an example of high heroism - undercut with a despicable act of cowardice and selfishness. As an Islamic militant from Morocco threatened life and limb a high-speed train bound for Paris with a Kalashnikov, American service members with a British man were ... continue reading


Afghan man rips up Koran sparking threatening riot in overcrowded German refugee camp Watch

Image of A riot sparked in a refugee camp in Germany, leaving 15 civilians injured.

By Linky C. (NEWS CONSORTIUM)

A riot broke in an overcrowded German refugee camp shelter after an Afghan man damaged the Koran and threw pages of it in the toilet. MUNTINLUPA CITY, PHILIPPINES (Catholic Online) - One resident from an overcrowded German refugee camp tore up a Koran and dumped pages ... continue reading


Legendary lost Nazi train loaded with gold treasure found by two men Watch

Image of

By Catholic Online (NEWS CONSORTIUM)

A train commandeered by the Nazis - reportedly loaded with gold, gems and valuable art vanished into a system of secret tunnels in the Polish countryside as the Germans fled advancing Soviet forces at the end of World War II. That story has gone down in Polish ... continue reading


Stalking Prince George: William and Kate condemn paparazzi photographers inappropriately hanging around play area Watch

Image of

By Hannah Marfil (NEWS CONSORTIUM)

After finding paparazzi photographers hiding near the play area of the two-year-old prince, Kensington Palace has released a stern letter from the Duke and Duchess of Cambridge condemning the inappropriate action harming the privacy of their toddler. William and Kate ... continue reading


All Europe News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, First Thessalonians 4:13-18
13 We want you to be quite certain, brothers, about ... Read More

Psalm, Psalms 96:1, 3, 4-5, 11-12, 13
1 Sing a new song to Yahweh! Sing to Yahweh, all the ... Read More

Gospel, Luke 4:16-30
16 He came to Nazara, where he had been brought up, ... Read More

Saint of the Day

Saint of the Day for August 31st, 2015 Image

St. Raymond Nonnatus
August 31: Raymond was born at Portella, Catalonia, Spain. He was delivered ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter