Euro Crisis

French Business Executives Join Exodus

Tough tax and regulation environment


The millionaire boss of French technology giant Dassault Systemes said 'residing in France has become a big handicap.'

Bernard Charles' criticism of President Francois Hollande's new tax regime comes as two senior executives at Moët Hennessy move to London from Paris.

President Hollande is under pressure as Gallic tycoons look to quit France to flee higher taxes while the economy continues to struggle.

Mr Charles, 55, said he is considering whether to follow suit and leave the country.

He told French daily Le Monde in an interview: 'Residing in France has become a big handicap. Very largely, our hiring of top managers will have to be done elsewhere than in France.'