According to information published by Echoes , expatriation taxpayers whose income tax reference exceeds 100,000 euros increased by 40% between 2012 and 2013.
Some return, others leave … No, this is not a holiday but to tax domiciliation. The daily Les Echos has obtained the first data on expatriation of 2013. If we can not talk about mass exodus, it may be noted a sharp increase in departures of senior French income. Thus among taxpayers whose income tax reference exceeds 100,000 euros, 3744 departures were recorded in 2013, an increase of 40% compared to 2012. These households earn on average EUR 265 832 each year, the State thus seen moving away from its coffers.
The trend continues with regard to annual income above 300,000 euros. In 2013, the IRS found expatriations 659, an increase of 46% over the previous year. But only 714 taxpayers owe ISF fled France in 2013, only 15% more than in 2012. In comparison, about 6% of French emigrate on average each year.
However, it should take these numbers with a grain of salt. They come from consulates abroad, or any French national is obliged to enroll, making incomplete data currently. Furthermore, providers of ISF exiles represent only 0.3% of taxpayers subject to tax. This observation also applies to the portion of income above 100,000 euros, which currently includes only a few hundred thousand households in France.
Last November, in a letter to the European Commission, Finance Minister Michel Sapin, had indicated a desire to do everything possible to “speed up and strengthen the fight against fraud and tax optimization.” Several regularization cells have since been put in place and the government had fixed at EUR 900 million revenue hoped in the fight against tax fraud for 2015. Luc Besson, recent and famous French expatriate is not concerned: although it has become a US tax resident announced it will continue to pay taxes owed by France.
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