The Depardieu Case has generated
considerable commentary.
It is important to note that,
beyond the “shallow” controversy triggered by inappropriate statements from
some members of the Government, it is a real key issue. Sales of luxury
properties in Paris have been dropping sharply since Francois Hollande’s
election.
Preliminary reports for 2012
revealed a decrease of almost 50% in transactions where the price is higher
than 2 million Euros and, a decline of less than 30% for sales between 1 and 2
million Euros. According to the agency Emile Garcin, the second semester of
2012 has already seen a spiralling drop of almost 50%.
What is the link with the
Depardieu case? The flight to escape tax.
Charles-Marie Jottras, Head of
Feau network (a large French real estate agent), recently...
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