Quote of the Day – Bernard Grinspan Edition
“Some of our clients are very seriously discussing relocation – not only to London but also Singapore and New York. There’s a lot of uncertainty.”
Bernard Grinspan, Managing Partner, Paris office of Gibson Dunn. International Law firm on his discussions with his “wealthy” French clients.
A 75% income tax on the “rich” is expected with the election of Francois Hollande.
History teaches these people nothing, this tax will lower revenues and push them even closer to the edge of bankruptcy. The Germans should expect them hat in hand looking for a bailout in the not too distant future.