British prime minister David Cameron once promised to "roll out the red carpet" for French professionals who didn't want to pay high income taxes. The year was 2012 and Francois Hollande had just been elected in France on a promise to tax top earners 75 percent of their wealth.
Following Britain’s vote to leave the EU, France was quick to announce that the red carpet can go both ways.
“We want to build the financial capital of the future,” prime minister Manuel Valls said on Wedne...
Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.
Already a member? Login