New figures published this week suggest that an increasing number of France’s top earners are leaving the country, with some observers blaming high taxes for the rising “wealth drain”.
A total of 3,744 people who earned 100,000 euros per year or more left France in 2013, a 40 percent increase compared to 2012, French financial newspaper Les Echos revealed citing figures from the national tax-collecting office.
Furthermore, 659 people who earned 300,000 euros or more annually said ‘au revoir’ in 2013, a 46 percent rise on the previous year. By comparison, the overall French migration rate in 2013 increased by only 6 percent.