Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

French Actor Depardieu Says to Give Up Passport in Tax Row

12/16/2012 | 11:57am US/Eastern
Recommend:
0

By William Horobin

One of France's leading actors, Gerard Depardieu, said he is surrendering his French passport and social security after the prime minister called his tax exile in Belgium "pathetic."

Mr. Depardieu said earlier this month he had taken up residency in the Belgian village of Nechin, just across the French border, to benefit from Belgium's more favorable tax system.

In a letter to premier Jean-Marc Ayrault published in Sunday's edition of French weekly Le Journal du Dimanche, Mr. Depardieu says: "I'm leaving because you think success, creation, talent and anything different should be punished.

"I am sending you back my passport and social security, which I have never used."

Since President Francois Hollande's Socialist government announced it will introduce a 75% income tax on those earning more than 1 million euros ($1.32 million) a year, some of the country's wealthiest have been setting up residency in countries with lower taxes.

Mr. Depardieu says in the letter that over a period of 45 years he has paid EUR145 million in tax and employees 80 people in his businesses. In 2012, Mr. Depardieu said he paid 85% tax on his income.

"I've no place to complain or to boast, but I refuse to be described as pathetic," Mr. Depardieu said.

Ministers in the French government were quick to react to the publication of the letter. Labor Minister Michel Sapin said in a radio interview on Europe 1 there is "nothing more normal" than for those that earn a lot of money to pay a lot of tax.

Separately, culture and communication minister Aurelie Filippetti said in a telephone interview with news channel i-Tele: "We shouldn't be receiving moral lessons from people who abandon the battlefield when we need everyone to be mobilized."

Speaking in Brussels Friday, Mr. Hollande said fiscal treaties should be changed to deal with cases of people who take up residency "in a Belgian village."

Newspaper Web site: www.lejdd.fr

Write to William Horobin at william.horobin@dowjones.com

Recommend :
0
React to this article
Latest news
Date Title
<1m ago TESCO : *deutsche bank cuts tesco price target to 250 (280) pence - 'hold'
<1m ago AF GRUPPEN ASA : Purchase of own shares
<1m ago SERODUS ASA : Mandatory notification of trade primary insiders
1m ago VEIDEKKE ASA : Mandatory notification of trade
1m ago NORDEA BANK : Economic Outlook: Headwinds
1m ago OMV PETROM : 4 million Euros allotted by Petrom in 2013 for the development of comm...
1m ago CODAN : Successful Raids on Counterfeiters of Minelab Gold Detectors
1m ago ELISA : Elisa’s AGM and Earnings Releases in 2015
1m ago BOOKER : Placing of Shares in Booker Group plc
1m ago BEIJING MUNICIPAL GOVERNMENT : China acts on heavy metal pollution
Latest news
Advertisement
Hot News 
GFK : Smartphone demand remains high
SCHWEIZERISCHE NATIONAL VRSCGS GSLCFT : Nationale Suisse achieves a pleasing increase in profit and premium growth in a challenging environment during the first half of 2014
VOLKSWAGEN : Bbc3
LLOYDS BANKING : Fall in PPI complaints leads to 42pc fewer disputes with banks
ESURE : *rpt/traders: barclays initiates esure with 'underweight' - target 235 pence
Most Read News
1d ago APPLE : Celebrity hacking clouds Apple's upcoming product launch
1d ago GLENCORE : Vale, Glencore break off talks over Canada nickel deal: sources
1d ago HOME DEPOT : may be latest retailer to be hacked; investigates suspicious credit card activity
1d ago CTRIP : Royal Caribbean Cruises Ltd. : to Sell Celebrity Century to Ctrip
1d ago 1 AUTOMOTIVE : Announces Conversion of 2.25% Convertible Senior Notes due 2036
Most recommended articles
2d agoDJZambia Copper Miners Say Crippled by Unpaid $600 Million Tax Refund-Mines Body
5d ago S&P 500 edges up to set new record; best month since Feb
6m ago Hargreaves Lansdown posts strong rise in full-year new business
14m ago Spirit Pub sees full-year results ahead of market expectations
31m ago Yen Jumps as Japan Reshuffles Cabinet, Pound Eyeing PMI Data
Dynamic quotes  
ON
| OFF