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Business Fleeing France as 75% Income Tax Looms
Newsmax ^ | 07 Oct 2012
Business Fleeing France as 75% Income Tax Looms
Newsmax ^ | 07 Oct 2012
Business Fleeing France as 75% Income Tax Looms
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.
"It's nearly a general panic. Some 400 to 500 residences worth more than one million euros ($1.3 million) have come onto the Paris market," said managers at Daniel Feau, a real-estate broker that specialises in high-end property.
Read more on Newsmax.com: Business Fleeing France as 75% Income Tax Looms Important: Do You Support Pres. Obama's Re-Election? Vote Here Now!