Incentives matter: tax file (updated)

From the New Zealand Herald.

France's leading actor Gerard Depardieu says he will give up his French passport after the prime minister called him "pathetic" for trying to avoid taxes by moving to Belgium.

and

Depardieu has joined some of France's wealthiest business figures in Belgium following moves by President Francois Hollande's Socialist government to tax annual incomes above one million euros ($NZ1.6 million) at 75 per cent.

and

"I am leaving because you consider that success, creation, talent, anything different, must be punished," he [Depardieu] said.

Update: Mark Hubbard notes that Tax Them, And They Will Leave.