French actor Gerard Depardieu, who has had roles in about 180 movies including "Green Card" and "Cyrano de Bergerac," has renounced his citizenship in the country to protest France's high taxes.
France's new President, Francois Hollande, wants to raise France's income tax on those making more than a million euros a year to 75% from 41%.
That's apparently too much for the actor, who moved to Belgium in protest and has now renounced his French citizenship and been given a Russian passport.
(Russia has a flat tax of 13%, and Depardieu's defection has been a huge coup for the Kremlin and Vladimir Putin, who publicly dined with the actor recently at Putin's house in Sochi.)
Depardieu's highly public departure follows the exodus of other wealthy people in France. But Depardieu is one of the few who has explicitly admitted that his move is about money.
The threat to renounce one's citizenship over taxes, obviously, isn't limited to France. Americans frequently threaten to do the same thing,Read More »from Gerard Depardieu Quits France Because of High Taxes