Tuesday, December 18, 2012

The Popular Tax Exile

The Telegraph reports on the case of actor Gerard Depardieu's escape to Belgium. An excerpt:

But Depardieu is a vastly different proposition from a wealthy tycoon and former asset-stripper whose children’s weddings warrant 10-page spreads in society magazines. When Jean-Marc Ayrault, France’s prime minister, contemptuously called him “a pathetic loser”, Depardieu shot back with an open letter published on Sunday. “I was born in 1948,” he wrote, “I started working aged 14, as a printer, as a warehouseman, then as an actor, and I’ve always paid my taxes.” Over 45 years, Depardieu said, he had paid 145 million euros in tax, and to this day employs 80 people. Last year he paid taxes amounting to 85 per cent of his income. “I am neither worthy of pity nor admirable, but I shall not be called 'pathetic’,” he concluded, saying that he was sending back his French passport.

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