Taxes

France's Tax Hike Continues the Long Exodus of the Successful

It's a national tradition

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On Avenue Montaigne, two ladies stroll out of the Dior boutique, carrying fancy shopping bags full of the brand's latest designs.

On the Champs Elysées, mothers advise their daughters on Guerlain's new fragrances, the voluptuous scents being the most expensive and renowned of French perfumes. Across the street, Japanese tourists hurry inside a huge store stamped LV, a.k.a. Louis Vuitton, the world's leading fashion house.

France is defined by its world-renowned cuisine, couture and creations that are quintessentially French, which helps explain why the disclosure that one man was seeking nationality elsewhere made headlines here and around the globe.