They are taking their Euros and depositing them in Switzerland.
The row was triggered by the decision, late last year, of the French rock star Johnny Hallyday to leave France and take up residence in the Swiss Alpine resort of Gstaad.Have some pastry and while your here, how does an overall tax rate of 21% sound? Sure, I know a good Realtor.
Hallyday, who has complained publicly about the high taxes in France, will now pay tax not on his multi-million-dollar income, but on the value of the fairly modest chalet he has built himself in Gstaad.
All he has to do in return is promise to live in the chalet for at least six months of each year.
In France, where Hallyday is a national icon, there is anger. Advisers to the French presidential candidate Segolene Royal have accused Switzerland of "looting" its neighbours.
"We are profiting from the mistakes of our neighbours," he explained. "They are making economic promotion for us for free, everyone now knows that Switzerland has an excellent tax system, so I'm very grateful."
Sounds like California, just keep taxing the rich, see how many more top income earners take off to Florida.
Who needs em? Who ever stays here needs them. With the market booming and the economy growing, the top earners in the Golden State are filling up the coffers in Sacramento. If the market hiccups or the economy slows, Fabien and the Democrats will be coming after those top earners because they aren't paying like the used to.
They don't have many hurricanes in Switzerland do they?
Humidity?
Gators?
White Trash?
Sounds better all the time.
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