From the NY Times: The call to Vincent Grandil’s Paris law
firm began like many others that have rolled in recently. On the line was the
well-paid chief executive of one of France’s most profitable companies, and he
was feeling nervous.
Some rich citizens have already left. In recent years, the
actress and model Laetitia Casta, the chef Alain Ducasse and the singer and
actor Johnny Hallyday all moved away to avoid high taxes.
President François Hollande is vowing to impose a 75 percent
tax on the portion of anyone’s income above a million euros ($1.24 million) a
year. “Should I be preparing to leave the country?” the executive asked Mr.
Grandil….
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