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Subject France’s constitutional council has struck down a top income tax rate of 75% introduced by Socialist President Francois Hollande

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[b]France's proposed tax hikes spark 'exodus' of wealthy
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Looming tax hikes by France's new socialist government have triggered an exodus of the Gallic super-rich to 'wealth-friendly' nations like Britain and Switzerland.

http://www.telegraph.co.uk/news/worldnews/europe/france/9404209/Frances-proposed-tax-hikes-spark-exodus-of-wealthy.html

[b]Rich businessmen pulling out of France as tax-hit looms
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A placard reading "for sale" on a balcony of an appartment building is pictured in Paris' eighth district in September 2012. A flood of top-end properties are hitting the market as businessmen seek to leave France before stiff tax hikes hit, real estate agents and financial advisors say.
AFP - A flood of top-end properties are hitting the market as businessmen seek to leave France before stiff tax hikes hit, real estate agents and financial advisors say.

"It's nearly a general panic. Some 400 to 500 residences worth more than one million euros ($1.3 million) have come onto the Paris market," said managers at Daniel Feau, a real-estate broker that specialises in high-end property.

http://www.france24.com/en/20121007-rich-businessmen-pulling-out-france-tax-hit-looms

[b]President Hollande facing a ‘massive exodus’ as super-rich leave France
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President Hoillande is accused of driving France's greatest talents abroad yesterday after a spate of industrialists, artists and actors said that they were moving to countries such as Britain.

With the Socialist head of state seeking to curb the French deficit through tax hikes for the rich, critics warned of a "massive exodus"...

http://www.thetimes.co.uk/tto/news/world/europe/article3569234.ece
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Original Message Raising taxes for those earning more than 1 million euros has been a flagship policy for Francois Hollande. [link to www.bellenews.com]

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