Tag Archives: 75%

FRENCH ACTOR GERARD DEPARDIEU BECOMES RUSSIAN CITIZEN TO AVOID 75% TAX RATE


One of the most popular french actors has taken Russian citizenship, to avoid the new tax rate for millionaires in France. French President Francois Hollande is introducing a tax rate of 75% on earnings above €1 million.

The actor Gerard Depardieu became one of many wealthy Frenchmen to quit the country.

The actor, who grew up in a working class family before becoming a successful actor, has said that he has paid millions in taxes over the years and that the new high tax rate is an attack on success.

Depardieu has now taken up Russian citizenship. He flew into Russia today, where he was greeted by the Russian President, Vladimir Putin. Russia has a flat income tax rate of 13%.

Depardieu has worked in Russia in the past, and has previously spoken of possibly taking up Russian citizenship.

Depardieu’s friend Arnaud Frilley told France’s RTL radio: “The President [Francois Hollande] called Gerard to ask if he was really serious about leaving France for good.

Gerard told him it wasn’t the taxes themselves that sickened him, but he was sickened by the way France spits on success. At one point he got very annoyed.

He also said he felt the way the media had treated him was terrible and that he needed to take a step back.

But he did say that he would remain French in his heart and that he felt he was a kind of spokesman for all other successful people like him who had not spoken out.”

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France Confirms 75% Tax Rate!

Vive le…. TAX?

The French Socialist government confirmed a 75% tax rate for top earners and a new 45% ‘band’ for revenues over 150,000 euros.

Businesses are targeted as well.  Loan interest tax deductions have been reduced and a capital gains tax break has been eliminated.  These respective cuts have taken €4 and €2 BILLION out of the hands of business and placed them into government coffers.

“France is sick because of the model it has … but is choosing to preserve it.” says Guillaume Cairou, Head of the Entrepreneurs Club.

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