This page has been archived and commenting is disabled.

Gerard Depardieu Is Latest Refugee From French Millionaire Tax; Escapes To Belgium

Tyler Durden's picture


Three months ago many were angry and surprised (or not at all, as realistically this was a perfectly logical move), when Bernard Arnault, head of LVMH and the richest man in socialist France, decided he had had enough, and would move to Belgium to avoid Hollande's punitive taxes on France's wealthiest. The indignant media's mocking response in France was fast and furious, with many delighted to see the billionaire leave. We wonder how the media will respond as more and more wealthy Frenchmen decide, now that the seal has been broken, to do just that and leave France to its grassroots movement where it is only "fair" that those who have more income and/or wealth, pay more than everyone else to keep the myth of the ponzi scheme formerly known as the welfare state alive and well. Such as one of France's most popular actors, Gerard Depardieu, who is the latest high profile departure to leave his native country and go to Belgium to avoid the second coming of the "fairness doctrine" (the first one of course, doing less than spectacularly with that whole USSR thing).

From The Independent:

Gerard Depardieu is to leave his French homeland for Belgium in order to pay less tax.


The actor is the latest high profile figure to leave France after a series of wealth tax hikes by President Francois Hollande.


According to the local mayor Daniel Senesael, Depardieu has bought a house in the Belgian village of Nechin near the French border. He has also apparently enquired about procedures for acquiring Belgian residency.


Senesael said Depardieu would join some 2,800 French living in the same area a few minutes’ drive from the border, including the Mulliez family, owners of French hypermarket chain Auchan and Decathlon sports stores, who have lived there for years.


Belgian residents do not pay capital gains tax on the sale of shares or wealth tax.


In France, however, individuals with assets over €1.3 million have to pay a hefty wealth tax.


“I think he wanted to enjoy the atmosphere in Belgium, our identity, the rural, bucolic setting,” Senesael told RTL radio.

Of course, from once beloved, to now most hated, we eagerly await the smear campaign which will focus not on his prolific work record, but on his most recent urinary escapades:

For Depardieu, best known for his roles as Obelix in the French “Asterix” films and as Cyrano de Bergerac in the 1990 film of the same name, the move will do nothing to improve his image, already tarnished by a series of embarrassing incidents.


He also controversially appears on new single by Googoosha, AKA Gulnara Karimova, the eldest daughter of Uzbekistan's brutal dictator Islam Karimov. Earlier this year there were reports Depardieu will also star in a film by Karimova, who is one of the world's richest women.


And last year, he was thrown off a Paris to Dublin CityJet flight for urinating on the floor after exclaiming "I need to piss, I need to piss".


Cabin crew had apparently refused to allow him to go the lavatory while the plane was still on the runway awaiting take-off.


Depardieu later blamed the incident of "prostate problems", and claimed he simply urinated into a bottle that overflowed.

And while it is by now clear that slowly but surely France's millionaires will test the null hypothesis of the trickle down theory: because while it may not work in theory, it will certainly not work when there is no wealth left to tax, and trickle down, the question now is who will be the first American to hand over his passport to Uncle Sam after next year's tax hike, and move on to greener pastures. Needless to say, if the US Tax Code realizes the bulk of wealth in this country is not in gross income but held in financial assets, and applies the appropriate tax on all financial assets as we have been expecting would happen since September 2011, and the first such defector is none other than Warren Buffett, the entertainment value of such a development would be so tremendous, that none other than Depardieu will have to play Buffett in the straight-to-cable biopic of the Octogenarian from Omaha.


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 12/10/2012 - 13:49 | 3049010 edb5s
edb5s's picture


Mon, 12/10/2012 - 13:58 | 3049044 redpill
redpill's picture

I need to piss!!

Mon, 12/10/2012 - 14:01 | 3049045 hedgeless_horseman
hedgeless_horseman's picture



No state tax in Texas!  If Eva Green wants to relocate, I think I can find room.  Now all I need is a plausible story for Mrs. Horseman.  New french dairy maid?  Nanny?  Stable girl?

Mon, 12/10/2012 - 14:04 | 3049057 Mercury
Mercury's picture

Master technician for your new glass cutting workshop?

Holy shit, is she standing thigh-deep in ice water or really just hanging upside down?

Mon, 12/10/2012 - 14:42 | 3049162 hedgeless_horseman
hedgeless_horseman's picture



Oui, oui.  Now that you mention it, if she is willing to stand in the hallway and look good, I do have a very heavy leather manteau, or deux, just lying around.

Mon, 12/10/2012 - 15:25 | 3049309 moonshadow
moonshadow's picture

hey HH mon ami, give us the link to the full-size pic s'il vous plait!

Mon, 12/10/2012 - 15:05 | 3049234 johnconnor
johnconnor's picture

In Texas you pay 2.5% on property taxes a year, so let's say you have a $300K house you will be paying $7,500 on property taxes (Plus whatever is the HOA as they are everywhere in Texas) and then you have the 8.25% sales tax

Mon, 12/10/2012 - 15:45 | 3049358 hedgeless_horseman
hedgeless_horseman's picture



So this might explain why Texas real estate is so much more affordable than other states with high state income taxes.

Mon, 12/10/2012 - 15:56 | 3049432 Sophist Economicus
Sophist Economicus's picture

So true.   They don't have the reasonable tax property taxes of NY State ($35,000 on a $550K house in Westchester) or NJ ($22K on a $500K house in Bergen County).    And don't get me talking about the value-play of California, Washington or Oregon.   I think there's gonna be a mass exodus out of Texas any minute....

Mon, 12/10/2012 - 15:11 | 3049258 amadeusb4
amadeusb4's picture

That's because the proles fund the gov in Texas with sales and property taxes. Even corporations don't pay taxes in that medieval state.

Mon, 12/10/2012 - 15:52 | 3049347 hedgeless_horseman
hedgeless_horseman's picture



...the proles fund the gov in Texas with sales and property taxes.

The proles are far more likley to be wage earners than property owners, but you already know that.

Mon, 12/10/2012 - 18:26 | 3049971 amadeusb4
amadeusb4's picture

Because in Texas, slum lords cover property taxes out of their own pocket? What is your point here?

Mon, 12/10/2012 - 22:51 | 3050706 A Nanny Moose
A Nanny Moose's picture

Even corporations don't pay taxes in that medieval state.

ummm...corporations do not pay taxes anywhere. Ever. They are merely tax collectors.

Tue, 12/11/2012 - 13:17 | 3052243 amadeusb4
amadeusb4's picture

Then why do they go to such extremes to wash their profits of taxes? Money spent on lawyers, accountants, lobbyists, political donations and the like are a total waste then.

I recommend a bit more self honesty because I don't buy the lies you've been telling yourself.

Mon, 12/10/2012 - 13:59 | 3049049 trav777
trav777's picture

surely, all the pakis and nigerians I saw on the RER last time en route to Montparnasse will pick up the slack for these guys?  Yes, yes, California got all of a +100,000 taxpayer boon from the +10M additional "residents" they've attracted over the past 30 years, along with +7M on the welfare rolls.  Surely, France will do much better because the quality of their immigrants are much better than mexicans, eh?

Libertie + diversitie = insanitie

Mon, 12/10/2012 - 14:06 | 3049069 Northeaster
Northeaster's picture

Is the real trav7777 back? The one with the middle-finger smiley? Or is this a new troll?

Mon, 12/10/2012 - 14:13 | 3049094 trav777
trav777's picture

ima hafta dig up the smiley icon...patience, bitchez

Mon, 12/10/2012 - 14:19 | 3049112 Bob
Bob's picture

WTF, I thought I was seeing things for a second.

Mon, 12/10/2012 - 14:32 | 3049146 trav777
trav777's picture

nah you're not...I happened to be browsing the thread on the BOE's gold vault and someone said my profile was active...also happened to see RobotTurd.  Checked the login on 7777 and it appears still blocked, but this one, which was my original profile (and to which I thought I had forgotten the pwd, thus the extra 7 in 7777) logged in...go figure.  ZH is kinda stale now and I'm fairly busy being in the 1%...and learning to cope with the boating accident I had

Mon, 12/10/2012 - 15:15 | 3049268 DoChenRollingBearing
DoChenRollingBearing's picture

Welcome back, and we are sorry to hear about your boating accident.

Mon, 12/10/2012 - 15:38 | 3049346 Wannabee
Wannabee's picture

Welcome back Trav. In a bit of irony, we all thought you struck a gusher of oil on your mobile home pad and now hangin with Rockefeller, Rothchilds, Bernanke, and the like.

Mon, 12/10/2012 - 15:59 | 3049450 Bob
Bob's picture

I pictured him hanging with Al Gore and making movies:

Mon, 12/10/2012 - 15:59 | 3049453 trav777
trav777's picture

no, I finally got out of the hospital from all the STDs I got from your mom

Mon, 12/10/2012 - 17:33 | 3049819 smiler03
smiler03's picture

Tyler, thank you for reviving Robo and Trav. Though you must think ZH readers are too retarded to notice the concidence.


Retarded... hmmmm, probably right!

Mon, 12/10/2012 - 19:42 | 3050170 ZeroAvatar
ZeroAvatar's picture

Yeah, hey, velkommen, Trav......good to see ya back!  Really! 


I, myself, just got released from the mental ward.  My mind's a little foggy from the Thorazine, but, otherwise, I've regained control of my mental capacities.   CAN YOU HEAR THE CHARIOTS?    Oh,   wait a minute, I just had a relapse.  I'll be ok....  AAAAUUUUMMMMM,   AAAAAAUUUUMMMMMMM.  I am one with the Universe.  There is not two, only one......AAAAAAAUUUUUUMMMMMMM......

Mon, 12/10/2012 - 13:59 | 3049052 wee-weed up
wee-weed up's picture

Gerard Depart-ieu

Mon, 12/10/2012 - 14:09 | 3049081 NotApplicable
NotApplicable's picture

Well played.

Mon, 12/10/2012 - 15:03 | 3049232 Azannoth
Azannoth's picture

So what if they levied a 99% tax and nobody came to pay?

Mon, 12/10/2012 - 15:26 | 3049312 Big Corked Boots
Big Corked Boots's picture

Clearly they failed to go far enough - they will have to raise it to 100%.

Mon, 12/10/2012 - 16:27 | 3049561 FrankDrakman
FrankDrakman's picture

To quote Mike Myers (of Austin Powers, not slasher, fame):

"Gerard Depardieu? The man's a beast!"

Mon, 12/10/2012 - 14:16 | 3049107 slaughterer
slaughterer's picture

Guess I will not be seeing a Rabelaisian Gerard tooling around on a moped in his vineyards anymore.  

Why is there a picture of the goddess Eva Green in a post about a piggish French asshole actor?

Mon, 12/10/2012 - 14:34 | 3049154 markovchainey
markovchainey's picture

Who cares why that picture is there?  I'm just glad it IS there! 


So fine, so fine...

Mon, 12/10/2012 - 22:55 | 3050726 A Nanny Moose
A Nanny Moose's picture

Some sort of French Connection, I suppose.

Mon, 12/10/2012 - 14:42 | 3049171 jekyll island
jekyll island's picture

My God, he's trying to avoid the millionaire's tax?  He's a terrible actor.  Who's paying him that much money?  We have definitely reached the edge of the abyss.

Mon, 12/10/2012 - 13:51 | 3049012 bigdumbnugly
bigdumbnugly's picture

and with him probably about 4 chambermaid positions.

and no i don't necessarily mean missionary, doggie, etc etc

Mon, 12/10/2012 - 13:51 | 3049017 viahj
viahj's picture

he still has money?  thought that he blew it all on wine and cheese.

Mon, 12/10/2012 - 13:54 | 3049032 wee-weed up
wee-weed up's picture

He's got all his money hidden in his nose!

Mon, 12/10/2012 - 13:51 | 3049020 Shizzmoney
Shizzmoney's picture

Now he can take that tax income the French Government was going to seize, and give it to Belgium hookers.

Job creators!!!!!!!!!111

Mon, 12/10/2012 - 13:51 | 3049022 Lost Wages
Lost Wages's picture

Gerard Depardieu has money? I saw one of his movies on a plane once and never heard of him again until now.

Mon, 12/10/2012 - 15:52 | 3049417 pirea
pirea's picture

this because if you are an american, you use to watch only hollywood garbage

Mon, 12/10/2012 - 16:42 | 3049627 vato poco
vato poco's picture

As opposed to those magnificent foreign movies: the ones full of cigarettes and accordion music, right?

Mon, 12/10/2012 - 16:42 | 3049629 vato poco
vato poco's picture

And *symbolism*. Lots & lots of *Symbolism*.

Mon, 12/10/2012 - 21:05 | 3050433 Sokhmate
Sokhmate's picture

Symbology. Not Symbolism. Symbology.

Mon, 12/10/2012 - 18:03 | 3049912 Maghreb
Maghreb's picture

From what I've seen and heard French cinema is just a massive tax scam. Some Algerians liked Banlieu 13, some French thought it was a documentary.

Mon, 12/10/2012 - 13:53 | 3049026 vato poco
vato poco's picture

Rest assured the California State Legislature is aware of incidents like this - and is already crafting "you can't move away" laws as we speak.

Mon, 12/10/2012 - 15:38 | 3049345 catacl1sm
catacl1sm's picture

They already have. Just asked anyone who's moved away from Ca in the past decade and suddenly got a tax bill that was auto-drafted from their checkinc account.

Mon, 12/10/2012 - 23:39 | 3050885 StychoKiller
StychoKiller's picture

One more good reason to close banking accts.

Mon, 12/10/2012 - 13:53 | 3049027 Odin
Odin's picture

In other news, the new snorg tees girl is foxxxxxyyy

Mon, 12/10/2012 - 13:55 | 3049037 unrulian
unrulian's picture

i.... think she is Blonde......can't look up...

Mon, 12/10/2012 - 19:54 | 3050225 ZeroAvatar
ZeroAvatar's picture

I've got Firefox, so I guess in a way it's unfortunate I can't SEE THE FOX!

Mon, 12/10/2012 - 13:55 | 3049036 Mercury
Mercury's picture

What's Snowy doing in an Asterix movie?

Mon, 12/10/2012 - 13:58 | 3049048 Miss Expectations
Miss Expectations's picture

The Green Card star emerged from a police station in Paris on Friday morning, where he was held overnight after getting arrested for driving the scooter while drunk, according to reports.  (11/20/12)

Mon, 12/10/2012 - 14:00 | 3049055 q99x2
q99x2's picture

Eva Green has black curley hair. She won't do what you need her to.

Mon, 12/10/2012 - 14:02 | 3049058 Iam Yue2
Iam Yue2's picture

Those Belgiums; first they hit their deficit target, then they snag Depardieu.
What next Pimco decamping lock,stock and two smoking, to Ostend?

Mon, 12/10/2012 - 14:05 | 3049064 Beam Me Up Scotty
Beam Me Up Scotty's picture

Did he haul his gold out in his underwear?  Coming soon to a theater near you, capital controls.  You can leave, and you can leave your wealth behind.

Mon, 12/10/2012 - 15:20 | 3049291 DoChenRollingBearing
DoChenRollingBearing's picture

It´s easy to get your gold from France to other countries in Europe.  A little hard to get it out by plane out of the USA, but it can be done.


If you have another country where you feel your gold would be safe, NOW is a good time to get started...

Mon, 12/10/2012 - 14:08 | 3049070 Broomer
Broomer's picture

Obélix defected from the indomitable Gauls' village... It's over, France is finished.

Mon, 12/10/2012 - 14:09 | 3049078 Klazy Plick
Klazy Plick's picture

Rochambeau the rich, yeah!

Mon, 12/10/2012 - 14:14 | 3049100 Pairadimes
Pairadimes's picture

Totally could not have seen that coming.

Mon, 12/10/2012 - 14:19 | 3049114 Zymurguy
Zymurguy's picture

Going Galt, cheers to you Ol' Depardieu

Mon, 12/10/2012 - 14:25 | 3049130 Bob
Bob's picture

The idle rich are "going Galt" now?  Having money makes no one Galt, though it seems popular self-flattery these days. 

Mon, 12/10/2012 - 14:26 | 3049131 krispkritter
krispkritter's picture

Who is Jean Gault?

Mon, 12/10/2012 - 15:30 | 3049324 earleflorida
earleflorida's picture

from the frying pan into the fire...

Mon, 12/10/2012 - 16:29 | 3049577 Mad Mohel
Mad Mohel's picture

Film references always get an up. Yes even shitty films.

Mon, 12/10/2012 - 14:47 | 3049183 Catch-22
Catch-22's picture

I left socialist Canada 20 years ago to avoid taxes that soaked up any little gravy you managed to put aside…


Now, life in US (FL) is 20K more expensive than CAN if you consider hidden taxes:


- Income Tax:                       roughly the same (if you avoid Spain Quebec)

- Property Tax:                   2500 in BC and 9000 in FL (on a 500K house)

- House Insurance:          1000 in BC and 5000 in FL (Tax Scam)

- Health Insurance 2:      Free in BC and 4000 in FL with 7500 deductible each (Tax Scam)


Oh! I almost forgot, in FL you need to live in a gated community if you care about surviving… That’s another 6000 in fees. In Canada you can still leave your doors unlocked in some (I said some!) small towns…


Damn that grass is greener…


Mon, 12/10/2012 - 15:55 | 3049428 SilverMoneyBags
SilverMoneyBags's picture

Its almost 80 degrees warmer. Quit bitching mountie.

Mon, 12/10/2012 - 16:48 | 3049659 krispkritter
krispkritter's picture

A gated community ain't gonna help with the 40+% minority classes who are largely a parasite population out of 19Mn people. At about 5th in the US for population per square mile(a bit more if you take out the Everglades and other coastal marsh areas) but likely higher, it looks like a rough ride.  I'm here and planning to get out, largely due to the parasite class and because my good neighbors have been leaving and are being replaced with Left-thinkers who complain that there isn't enough shopping nearby and the bugs(usually after putting large street lights all over). I'm just keeping my fingers crossed until 2nd quarter '13...

Mon, 12/10/2012 - 17:56 | 3049891 Catch-22
Catch-22's picture

I agree things could get pretty rough around here… 1 million of those 19 are illegals = they haven’t been vetted by anyone.


I’ve put together a plan:

I pull out my kayak and head east to Bimini, then north east to Freeport Bahamas. From there, it’s north to Bermuda. That’s where it gets dicey. I have to make it to Newfoundland through the icebergs (if they are in season). Then it’s across to Labrador and slowly into Quebec through the St-Lawrence River. Pass Montreal, say Hi to friends, then into Ontario. Going up Niagara Falls is going to be a bitch. Once I pass the Great Lakes, there is going to be some portage involve.  The Great Plains, three provinces of relentless flatlands will lead into British Columbia. Then it’s into the Okanagan Valley… Going Galt in the Okanagan Valley.


I might just move there, really…

Wed, 12/12/2012 - 20:15 | 3057845 Matt
Matt's picture

Unless you are making less than $35K per year, it will be closer to $100 per month for health insurance for a couple in BC. So ~$1200 annually. Not sure how it counts if you are taking out of retirement funds, etc.

Mon, 12/10/2012 - 15:00 | 3049227 Glass Seagull
Glass Seagull's picture

I loved his role in Ghostbusters II

Mon, 12/10/2012 - 15:16 | 3049274 amadeusb4
amadeusb4's picture

While I praise the lack of patriotism among the rich, as nationalism should die a quick but painful death, a bit of Georgism would fix this kind of parasitims.

Mon, 12/10/2012 - 15:17 | 3049283 Aurora Ex Machina
Aurora Ex Machina's picture

Did he take a pee before he left?

Mon, 12/10/2012 - 15:25 | 3049295 ParisianThinker
ParisianThinker's picture

The property tax on housing in TX costs more than the wealth tax in France. If you own a home worth 1.3M in TX, you will pay 2.5% every year in property tax.

If you have assests of 1.3M in France, you pay .55% and you can live in France not in TX. Of course, Americans are exempt from this tax for the first 5 years of their residency since they are not citizens of France! 

Half of all households who pay ISF make an annual contribution of less than €2,000.

It constitutes 1.5% of France's total tax receipts.


Glad the actor found his escape. Now the question is can he keep sober in his new home?

Mon, 12/10/2012 - 15:28 | 3049321 akak
akak's picture

If Gerard Depardieu left France today, how many days ago did his nose leave?

Mon, 12/10/2012 - 16:12 | 3049509 PGR88
PGR88's picture

What happens if Gerard Depardieu has an erection and walks into a wall?


He breaks his nose.

Mon, 12/10/2012 - 15:37 | 3049337 rustymason
rustymason's picture

I wonder if he lives close to Poirot's hometown.

Mon, 12/10/2012 - 15:34 | 3049338 Jacque Itch
Jacque Itch's picture

Now all the Socialist/Keynesian clowns will grab the world by the nads and agree on a massive tax rate that is the same everywhere.  It's coming, bitchez.

Mon, 12/10/2012 - 15:49 | 3049403 Super Broccoli
Super Broccoli's picture

well i'm belgian and let me tell you, not being a Gerard Depardieu's billionnaire i've always dreamed to get out of here !!!! Sadly i went living in France for 3 year which was even worst. Sold my company there to escape stupid taxes whose only purpose was to see your company going bankrupt and went back to belgium ... and the crisis hits here too ! God i'll leave to africa maybe i'll be able to find some free market and democracy there !

Mon, 12/10/2012 - 16:44 | 3049639 DoChenRollingBearing
DoChenRollingBearing's picture

Can´t say about Belgium or France, but if you speak Spanish than Peru is a safer and better bet for a brand new business than the USA unless you are manufacturing high-tech (then you would want to maybe look at China anyway).  Peru IS corrupt (who isn´t?), but there is more legal uncertainity in the USA now.

The USA and Europe do not want your manufacturing either, it´s dirty!, they just want your money, if it´s enough...

Mon, 12/10/2012 - 18:12 | 3049939 Maghreb
Maghreb's picture

Nah Vivendi, Nestle, Renault subsidiaries along with the local elites are currently raping French West Africa as much as they can. Property bubbles, corruption, inflation, tax etc. If your smart though you'll get in contact with the right people and tax won't be an issue. Wouldn't go into buisness though, its ruthless across most of the Maghreb and West Africa.

Mon, 12/10/2012 - 15:54 | 3049427 Gimp
Gimp's picture

Let's make this simple for the commies/socialist.

 A man goes into a bar, when he enters he is kicked in the balls by the landlord.

Q.  How many times does the man go back to the same bar?

Give you as much time as needed to answer . No S/M. leather fetish responses allowed.


Mon, 12/10/2012 - 16:05 | 3049484 johngoes
johngoes's picture

In the Der Spiegel version of this story they mention that there are currently about 5000 French "tax exiles" (and as Depardieu shows the tally grows.)



Mon, 12/10/2012 - 16:10 | 3049501 PGR88
PGR88's picture

Another socialist asshole hyprocrite who previous to this had nothing good to say about limited Gov't, the rights of private property, or conservative financial ideals

Mon, 12/10/2012 - 16:46 | 3049651 DoChenRollingBearing
DoChenRollingBearing's picture

Right.   + 1

Ha ha!  Indeed!

Mon, 12/10/2012 - 17:19 | 3049768 Shell Game
Shell Game's picture


Mon, 12/10/2012 - 16:42 | 3049633 Volaille de Bresse
Volaille de Bresse's picture

"I saw on the RER last time en route to Montparnasse"


Says it all. In the RER you'll meet the lowest forms of life ONLY. It's like going to the Bronx and thinking "Whoa NYC ain't what it used to be" or "People in the Hamptons they must suffer with all these Blacks". 

And Nigerians? Sorry we don't have these : thye usually go to the UK. We have Sénégalais and Maliens mainly...

Mon, 12/10/2012 - 16:44 | 3049643 Volaille de Bresse
Volaille de Bresse's picture

Check the "property" GD bought in Belgium. You wouldn't put a dog in there. Methinks he won't spend 180 days a year in that hole...

Mon, 12/10/2012 - 17:08 | 3049732 Banjo
Banjo's picture

Good for France bad for Belgium. The rich are going to start buying all the goods and propery in Belgium housing, businesses etc pushing up prices in Belgium and in France they will be selling property making it cheaper.

The rich coming to your country is no great thing, unless you are a fan of inflation and erosion of your living standards. They will buy out and outbid the average citizen on any and every deal leaving nothing but food stamps.

Mon, 12/10/2012 - 17:17 | 3049766 steve from virginia
steve from virginia's picture




Okay ... so what? The richie-riches are leaving France to pollute other places? This is a tragedy? What have they done for France besides stealing from its citizens.


The first person executed with the guillotine in France was a common burglar. Keep that in mind at all times.


As for the plutocrats, remember Joe Louis: "You can run but you can't hide ..."


Mon, 12/10/2012 - 17:28 | 3049801 flyingpigg
flyingpigg's picture

So the high taxes are pissing off rich people in France?

Mon, 12/10/2012 - 18:07 | 3049920 Satan
Satan's picture

There is no income tax and more importantly no inheritance tax in Monaco.
French citizens may not live in Monaco for tax purposes.
Belgians can.
Any person may apply for Belgian citizenship after only 3 years of residence in Belgium.
Money will always follow the path of least resistance.
There are a hell of a lot of "Belgians"in Monaco.

Mon, 12/10/2012 - 18:56 | 3050039 Man Who Was Thursday
Man Who Was Thursday's picture

I can't find it anywhere in international newspapers but the portuguese press are reporting that Hollande anounced, and I quote: "The crisis of the Eurozone has been overcome".

Monday humor?


Mon, 12/10/2012 - 19:43 | 3050176 malek
malek's picture

This all must be a stealth way to bailout Belgium.

Do NOT follow this link or you will be banned from the site!