Since the Socialist Hollande has come to power in France and is now proposing high tax rates on the wealthy, neighboring countries are starting to see the wealthy families from France enter or enquire into moving and paying taxes instead to a new jurisdiction.

The French tax rate proposed is 75% for the rich!  The previous highest rate was 41%!

“Now a large number of wealthy French families are leaving the country as a direct result of the proposals of the new government.”

Inquiries into luxury homes in London rose 30% in this years first 3 months.  It may have something to do with Prime Minister David Cameron’s position.  He stated that he would “roll out the red carpet” for those affected by the 75% French tax rate.

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See source article for more: France’s proposed tax hikes spark ‘exodus’ of wealthy – Telegraph.  Picture Source.