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Negative Effect of France’s Higher Taxes for 2013

Since the election of the new socialist French President, Francois Hollande, in May 2012, over 5,000 senior and chief executives have moved out of France into neighboring countries, according to Forbes magazine, and many are also moving to the United States.

France has always had high taxes for the “super rich,” but now it is affecting an even greater percentage of the population. International companies are moving their executives out of France, businessmen and women who make a good living are also joining this trend, and it is likely to grow in the coming months.

Although the President was elected last year, his policies, especially regarding higher taxes, are seriously questioned by many people who have assets or businesses, sometimes dating back generations, and who have worked to make them grow.

If you are currently living in France and have the skills and assets to invest in a new business, you should consider coming to the United States through an E-2 or EB-5 investor’s visa. The American dream is still alive today and could be a solution for many French citizens with the means.

Here at Boyer Law Firm, we have French-speaking paralegals and attorneys. If you would like to discuss you options, please contact us today.

Source: Forbes

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