France"s richest man moves to Belgium and takes multi-billion pound fortune with him "to avoid new socialist super-tax"

France's richest man moves to Belgium and takes multi-billion pound fortune with him 'to avoid new socialist super-tax'Bernard Arnault, head of luxury goods group LVMH, insists that he moved the cash and assets for ‘family inheritance reasons’It is thought he wants to avoid a 75 per cent top rate on income being introduced by President Francois Hollande By Peter Allen PUBLISHED: 19:35 GMT, 24 January 2013 | UPDATED: 23:15 GMT, 24 January 2013 Bernard Arnault, the 63-year-old head of luxury goods group LVMH, insists that he moved the cash and assets for 'family inheritance reasons The richest man in France has officially transferred his multi-billion pounds fortune out of his Socialist-run homeland, it was confirmed today. Bernard Arnault, the 63-year-old head of luxury goods group LVMH, insists that he moved the cash and assets for ‘family inheritance reasons’

Bulgaria"s bizarre "advert" to tax exile Gerard Depardieu

We have cheap alcohol, concrete beach resorts and experienced prostitutes': Bulgaria’s bizarre ‘advert’ to tax exile Gerard Depardieu Letter sent to French stars from Bulgarian policy centreClaims payment of taxes is 'optional' and there is 'possibility to drain as much as you wish from the tax system'Depardieu and Bernard Arnault are the latest in a flood of super-rich French fleeing President Francois Hollande's socialist tax rises | UPDATED: 18:36 GMT, 27 December 2012 Bulgaria has invited French tax exiles Gerard Depardieu and Bernard Arnault to become Bulgarian citizens with the promise of 'cheap alcohol, concrete beach resorts and experienced prostitutes'. The cheeky letter from Bulgaria's Demographic Policy Centre was sent to the famous film star and France's richest man as a protest against the mass emigration from the cash-strapped eastern European state. Depardieu, 64, and Arnault, 63, both recently announced they were fleeing to Belgium to dodge France's new massive tax hike on the rich of 75 per cent on all earnings over one million euros