The French National Sport Is Taxation, not Soccer

“It seems that Monaco’s fiscal policy is good for the local soccer team.  But it seems there’s a controversy in this fiscal paradise. Or, to be more accurate, there’s a controversy in the tax hell next door. The French are complaining that lower tax rates are an ‘unfair’ form of tax competition. So how did the French react? By engaging in their true national sport – imposing higher taxes.  Naturally, their ‘solution’ is to impose higher taxes in Monaco, not to lower taxes in France. It’s also worth noting that the French approach won’t work.  The French soccer league will continue to lose top players so long as the government has a 75% tax system.”

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