France

High Earners Prepare To Flee France's Soaring Taxes

Some have already left, and companies are poised to transfer their executives

|

What is 75 percent of €0.00?

French president Francois Hollande wants to go back to the future on taxes.

When running for the job he eventually won, Hollande famously prooposed a marginal tax rate of 75 percent on income above €1 million per year.

The usual outcry ensued. Progressives argued it was only fair while those on the right — and those who would be impacted — made noise about fleeing France. Despite cries the rich are bluffing on their threat to say 'au revoir, Paris,' it appears that may actually happen.