“A flood of top-end properties are hitting the market as businessmen seek to leave France before stiff tax hikes hit, real estate agents and financial advisors say. While the Socialists’ plan to raise the tax rate to 75 percent on income above 1.0 million euros per year has generated the most headlines, a sharp increase in taxes on capital gains from the sales of stock and company stakes is pushing most people to leave. The preferred destinations of those leaving are London, New York and Geneva, as well as Canada, Israel and Singapore, said Laurent Demeure, head of Coldwell Banker France.”
http://www.rawstory.com/rs/2012/10/07/potential-capital-gains-tax-increase-scares-wealthy-french-into-abandoning-paris-lowering-prices/
Related posts:
Black Panther's conviction overturned after 43 years in Louisiana solitary cell
Use of garages as social gathering place spurs action by officials
Catholic Priest Allegedly Beheaded in Syria by Al-Qaeda-Linked Rebels Who Take Pictures and Cheer
Chinese Binge on Hong Kong Stocks Rescues City's Flagging Bonds
Judge throws out Abu Ghraib detainees’ torture case citing jurisdiction
Facebook bans all crypto-currency ads
Bank of England deputy governor Paul Tucker warned banks they could collapse 'before Christmas'
Ron Paul: No Real Cuts In Sequester
Obama promises he won’t ‘scramble jets’ to get Snowden
North Korean spy’s memoir details ‘enemization’ training by abducted South Koreans
Victims of Police Beat-down Say Video Proves Brutality
Saving the rhino with U.S. military surveillance drones
Company fined for smog-forming compounds in 'Gorilla Snot' hair gel
When Deportation Is a Death Sentence
Bitcoin’s Gains May Fuel Central Bank Concerns