(Bloomberg) -- Nicolas Sarkozy is rolling out the
welcome mat for thousands of rich French people who fled one of
Europe's most onerous tax regimes. Few may heed his call.
In his first economic act as president, Sarkozy is pushing
a tax law to lure back exiles such as rock star Johnny Hallyday,
64, and members of the Mulliez clan, who control the French
retailer Groupe Auchan SA. The measure will increase exemptions
on the ``fortune'' tax -- the bete noire of rich expatriates --
and cap the total individual tax rate at 50 percent of income.
Read more at Bloomberg Bonds News
welcome mat for thousands of rich French people who fled one of
Europe's most onerous tax regimes. Few may heed his call.
In his first economic act as president, Sarkozy is pushing
a tax law to lure back exiles such as rock star Johnny Hallyday,
64, and members of the Mulliez clan, who control the French
retailer Groupe Auchan SA. The measure will increase exemptions
on the ``fortune'' tax -- the bete noire of rich expatriates --
and cap the total individual tax rate at 50 percent of income.
Read more at Bloomberg Bonds News
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