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A Taxing Tax Rate
France’s Top Tennis Stars Skedaddled for Switzerland

The Davis Cup is the “World Cup of Tennis.” In the championships this year, on one side we have the Swiss Team, who live in Switzerland, and on the other side, we have the French team…who also live in Switzerland. The New York Times reports:

All four French players — Jo-Wilfried Tsonga, Gaël Monfils, Richard Gasquet and Julien Benneteau — live on the Swiss side of the border. So does the chief substitute Gilles Simon, just like many French stars of the past, including Amélie Mauresmo, Guy Forget, Marion Bartoli and Cédric Pioline.

“It’s true, but we can’t talk too much about that, especially with President Hollande coming,” Pioline, a former United States Open and Wimbledon finalist, said with a chuckle…

“After my first year, I saw what I earned and then I saw what was left in my bank account, and then I moved,” said Simon, who said he relocated in 2006.

French President Hollande’s repeated attempts to impose a 75% top tax rate surely warm the hearts of socialists everywhere. But it seems that in the case of the Davis Cup team, warm hearts is all France will stand to gain if they win. Since none of them live in the country, their earnings will yield 75% of nothing—which is still nothing. Some cantons in Switzerland, on the other hand, will probably have a very nice day, no matter which of their two teams wins the Cup.

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  • Andrew Allison

    The moral of the story is that when taxes are perceived to be extortionate, they will be evaded. Perhaps we should point out to Congress that 39.1% of nothing is still nothing. Instead of bleating about “unpatriotic”, but perfectly legal, tax avoidance by corporations, Congress should address the root of the problem ( instead of playing whack-a-mole.

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