Mississippi Offers French Tax Dodgers a Refuge
Saturday, August 11, 2012
Millionaires seeking to avoid France’s new income tax bracket can either relocate across the channel to England, or all the way across the Atlantic to Mississippi.
After French President Francois Hollande proposed a 75% tax on all income in excess of a million euros ($1.24 million), Britain’s prime minister said his country would welcome anyone in France deciding it was time to find a new home.
Hearing this, Mississippi’s former governor, Haley Barbour, said his state would be an even better fit for French tax dodgers.
Citing his family’s French heritage, Barbour wrote in an article: “As a low tax, pro-business state with a regime of rational regulation, we could roll out the red carpet and run up the tri-color over Fort Maurepas. Bienvenue, mes amis!”
Mississippi was founded in part by French settlers and was for a time part of the Louisiana Territory controlled by France.
To Learn More:
Mississippi Looks to Lure French Tax Dodgers (Agence France-Presse)
A Failed Enterprise: The French Colonial Period in Mississippi (by J. Michael Bunn and Clay Williams, Mississippi History Now)
Give Me Your Tired, Your Poor French Millionaires (by Mississippi Governor Haley Barbour, Foreign Policy)
- Top Stories
- Unusual News
- Where is the Money Going?
- U.S. and the World
- Appointments and Resignations
- Latest News
- Scientists Denying Human-Caused Climate Change Fade from Existence…Except in the Media
- How the Obama Administration Charged 3 Pacifists with Violent Acts of Sabotage
- Worst Overcharging Hospital in U.S.
- Attorney Argues Georgia Should Ignore Federal Judge in California Because State Has Gay Marriage
- United States Trade Representative: Who Is Michael Froman?