French fear top taxpayers’ exodus

Fears are growing in France that its top taxpayers could desert the country
for London and other capitals if Segolene Royal is chosen
as president in May.

Royal, the social candidate for the position, would raise taxes for higher
earners, fear industrialists.

A new survey suggested top taxpayers were leaving the country at a rate of
two per day, reported The Daily Telegraph.

A 60% tax ceiling has been implemented in France, but there are concerns
royal would scrap the limit.

Further reading:

IFRS update spring 2006 – French

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