We can’t help but wonder if there will be a mass exodus of celebrities and other wealthy citizens in France because their new 75% wealth tax starts next year. Anyone earning over $1.3 million is subject to the new tax and these taxpayers are outraged. (And we thought WE had it bad here!) Iconic actor Gerard Depardieuloudly attacked the government for the new tax and announced he is moving to Belgium. He was heavily criticized by politicians and the media. Karl Lagerfeldalso voiced his anger and we can imagine many in the fashion industry are also upset. Alain Delon and Johnny Hallyday successfully relocated out of the country under the radar.
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