Hollande’s 75% Income Tax Plan Receives Final Blow

The French State Council (Counseil d’Etat ) objected to President François Hollande’s controversial 75% top-margin income tax reform plan last Thursday, declaring that the tax could not exceed 66.66% without being “confiscatory.” Finance Minister Pierre Moscovici released on Friday the government’s acknowledgement and acceptance of their advice. The 75% tax would have only been imposed […]

Depardieu’s Exit Spotlights French Film Industry Salaries

In the aftermath of French Actor Gérard Depardieu’s very public departure from France —and subsequent bid of “Zdravstvujtye!” to Russian citizenship —Vincent Maraval, founder of French film distribution company Wild Bunch S.A., has entered the controversial dialogue surrounding high-earning individuals facing large tax raises under President François Hollande. Casting light onto the source of French […]

Comrade Depardieu? Putin Grants Actor Russian Citizenship

Following his highly publicized exit from his native France, Academy Award-nominated French actor Gérard Depardieu can now send love from Russia as the country’s newest citizen. On January 3, Russian President Vladimir Putin—a close friend of Depardieu’s—signed a decree granting citizenship to the Cyrano de Bergerac (1990) star. Depardieu’s expatriation follows a proposed French tax […]

French Icon Depardieu Causes Uproar Over Move to Belgium

Three months after France’s richest man, LVMH chairman and CEO Bernard Arnault, sparked controversy by seeking to establish residency in Belgium, another household name has announced an imminent move north.  Following rumors of his search for a more tax-friendly new home last month, iconic French Actor Gérard Depardieu has settled on the Belgian town of […]