Tax wealthy in France? Louis Vuitton CEO departure

Bernard Arnault - the richest man in Europe - has required an uproar in France over taxes, political citizenship, patriotism, and the government in order to promote the growth triggered. It is an impressive achievement for a small return. Arnault - French giant LVMH CEO of fashion house Louis Vuitton owner-richest man in Europe and Christian Dior - is the symbol of the French fashion industry precious luxury. Thus, when the face of the "Made in France", confirmed on Sunday that it is applying for dual citizenship in Belgium, he struck deep chord in the national pride of France. Despite his protests, many thought it an attempt to evade was expected that the new socialist government. 75 percent tax on the richest countries First page of a French newspaper title called "rich jerk" today and French President François Hollande questioned patriotism Arnault. But beyond the insults, the debacle highlighted a contradiction very French: A country that prides itself on producing luxury fashion must exorbitant tax policy that accurately target the people who are rich enough to buy French goods. Arnault is the world's fourth richest man, whose personal fortune estimated by Forbes magazine at $ 41 billionth Its application to Belgium comes in Holland prepares for a tax of 75 percent on those who earn more than $ 1.28 million per year to implement - although it has been suggested that the plan down could be diluted. "If I were in his place, I would think also that I have no choice and would not leave," said 34-year-old Jean-Baptiste Lete, a resident of Paris on foot in the city today. It's not the first time that Arnault be a socialist named Francis dodged. He emigrated to the United States in 1981, when President François Mitterrand came to power - and is returned when the country became more conservative fiscal policy. As a Belgian Arnault pay a maximum of 50 percent of their income. More attractive, it could benefit from the exemption cherished place the Belgians in Monaco - when he renounced his French citizenship. French nationals living in Monaco taxable in France. Arnault vehemently denied that his decision had nothing to do with tax evasion and said he will continue to pay French taxes, but his remarks convinced few. "I can not believe," businessman Bernard Tapie was quoted as saying in the daily Le Parisien. "If you are a citizen of a country, you must know how to enjoy the good part, but also accept the drawbacks. Symbolically, it is a disaster." The movement was a public relations disaster, the French referred to the lack of economic competitiveness underscores. The French are still the desire of the British Prime Minister David Cameron on "red carpet" for French companies when Holland has followed his plan to raise taxes on the rich. François Fillon, France, the former Conservative Prime Minister, directly blamed the Socialist government fiscal policy. "It will spread like wildfire. Everywhere in the world, and they will say that France is the country that is not as successful," he said. Others blame firmly on Arnault himself. Libération today shows a picture of a happy future Arnault and impeccably adapted into a suitcase next to the title: "Get lost, Rich Jerk". LVMH also announced today a statement that the newspaper Arnault continued for "public insult". Finance Minister Pierre Moscovici was concerned about the overall image of France. "He is the head of luxury properties, which are symbols of French brands," said Minister BFM TV. "He did not know how she would be perceived, it was a bit irresponsible." Some critics say that the Socialists had come to remind everyone that Holland once said, "I do not know how the rich." On the other side of the border, the news has welcomed with open arms. Read "Welcome, Mr. Arnault" as an editorial today in the Belgian daily La Libre - the billionaire claimed in the suburbs of Brussels lived for several months now.