From Russia Avec Amour: Gerard Depardieu Meets Putin To Pick Up His New Passport To Avoid Hollande's 75% Supertax -- Daily Mail
* Star of Green Card quit homeland over proposed 75 percent income tax
* Depardieu given a warm welcome by President Vladimir Putin
* Actor has been accused of national betrayal by critics in France
* Brigitte Bardot claims he was a 'victim of extremely unfair persecution'
Actor Gerard Depardieu bid a final 'Au Revoir' to his native France and was warmly welcomed by President Vladimir Putin as he was handed a new Russian passport today.
Depardieu has left his homeland following a public fallout over French Socialist president Francois Hollande's plans to impose a new tax rate for millionaires.
Putin said last month that Depardieu would be welcome in Russia, which has a flat income tax rate of 13 percent, compared to the 75 percent on income over 1 million euros ($1.3million) that Hollande wants to levy in France.
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My Comment: Regular readers of this blog know that I am a Canadian citizen living in Montreal, but my nationality is Russian. Do I miss Russia .... definitely. Do I love Canada .... also definitely. Will I ever go back to Russia .... sighhh .... maybe. If I should ever go back it will be because of taxes and the business environment. In Quebec, Canada .... my corporation enjoys one of the lowest tax rates in America, but personally I am at the top rate (over 50%) .... if I was in Russia I would be paying 13%. Can I have the best of both worlds .... honestly .... that s what I am thinking about right now.
Investors.com has an excellent article on this growing trend.