French fear top taxpayers' exodus
French industry fears taxpayer exodus if Socialist candidate wins presidential election
Fears are growing in France that its top tax payers 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 tax payers 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
resistance