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World News

French star moves to lower-tax Belgium

A Belgian mayor says famed French actor Gerard Depardieu has bought a home and set up legal residence in his small town of Nechin, lured by the food, the people, the lifestyle — and lower tax rates than back home. France's Socialist government has infuriated many ultra-rich by presenting a 2013 budget that would tax top earners at 75 percent after the first €1 million (¥108.9 million) of annual income. Belgium's top rate is 50 percent. (AP)

Shukan ST: DECEMBER 21, 2012

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World News French star moves to lower-tax Belgium A Belgian mayor says famed French actor Gerard Depardieu has bought a home and set up legal residence in his small town of Nechin, lured by the food, the people, the lifestyle — and lower tax rates than back home. France's Socialist government has infuriated many ultra-rich by presenting a 2013 budget that would tax top earners at 75 percent after the first €1 million (¥108.9 million) of annual income. Belgium's top rate is 50 percent. (AP) Shukan ST: DECEMBER 21, 2012 (C) All rights reserved