Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

French Actor Depardieu Says to Give Up Passport in Tax Row

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/16/2012 | 05:57pm CEST

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
07:18a OOREDOO : backs Qatar Olympic Committee at Rio 2016 and beyond
07:13a MINISTRY OF TOURISM OF REPUBLIC OF INDIA : Tourists are Brand Ambassadors of their respective Countries – Speaker, Lok Sabha
07:08a QATAR NATIONAL BANK SAQ : QNB Suisse moves to prestigious new location by Lake Geneva Read More...
06:48a QATAR NATIONAL BANK SAQ : Global growth flatters to deceive Read More...
06:40a TURKEY : Thousands Of Armed Police Surround US-NATO Incirlik Airbase
06:35a Ministry to select websites for online donations
06:35a New rules aim to reduce flight delays
06:35a 18m under age of 10 use internet in China
06:35a Henry James is 31st Inductee in U.S. Postal Service's Literary Arts Stamp Series
06:34a Beijing flights, trains canceled
Latest news
Advertisement
Hot News 
-9.07%Pearson Trades in Line; Books Earnings Loss
2.08%SABMILLER : China Approves AB InBev Deal for SABMiller -- Update
6.22%NEWELL BRANDS : Earnings Top Views
3.33%Alphabet posts strong revenue on video market, stock surges
3.94%XEROX : Posts Higher-Than-Expected Profit
Most Read News
07/30 NATIONAL GEOGRAPHIC CHANNEL : Orders Drama Script for Global Limited Series Based on Michael Crichton’s Soon-to-Be-Published Manuscript, Dragon Teeth
07/30 EXXON MOBIL : Weak refining profits add to woes at Exxon, Chevron
07/30 Chinese consortium agrees to $4.4 billion deal for Caesars online games
07/30 BANK OF IRELAND : The Governor and Company of the Bank of Ireland (the ��Group��)
07/30 INTEL : IoT education startup Hardware Academy launches first joint competition with Intel
Most recommended articles
07/30 Helicopter money talk takes flight as Bank of Japan runs out of runway
07/30 Chinese consortium agrees to $4.4 billion deal for Caesars online games
07/30 E D F : May worried by China investment, intervened to delay Hinkley
07/30 GOLDMAN SACHS : Singapore central bank says examining Goldman on work related to 1MDB bond deals
07/30DJRio Tinto Has Bounced Back on Stronger Prices for Minerals