Yo France: NYC Looking Better as Europe Falters, 75 Percent Tax Becomes a Reality
A month ago, in the face of proposed tax hikes on French millionaires, we offered Manhattan as a superior shelter to Brussels, Geneva or London—and indeed, the dodge looks all the better now that European vacations ended and the region has resumed falling apart.
Well, France’s new tax law is no longer just an unappealing prospect (e.g. the lawsuit to end foie gras production in New York state), but a cold reality (the recent ban in California), as Socialist President Françoise Hollande announced a new budget today, placing a 75 percent on million-euro earners. The Wall Street Journal has some details: Read More
