M. Hollande Left With Oeuf On Face

M. Hollande Left With Oeuf On Face

Published on 10/08/2012

The higher the tax rate, the greater the length people will go to avoid it. France is a case in point.

Many are fleeing a proposed new higher rate of 75% tax on all earnings over €1M. On this side of the channel, David Cameron is laying out the Red Carpet for those choosing Britain.

For M Hollande, will he now make it a crime to move or indeed perhaps, tax moving in order to discourage tax avoidance?

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