Bernard Arnault , France 's richest man , reportedly applies for Belgian citizenship . That lower tax rates increase the tax take has been demonstrated time and again in the real world : remember how JFK said in 1962 that `` the soundest way to raise the revenues in the long term is to cut the rates now '' ? He says he will remain a tax citizen in his native France . Isaby : New 5 % tax rate will lead to ' brain drain ' in France .
Bernard Arnault , France 's richest man , reportedly applies for Belgian citizenship . He says he will remain a tax citizen in his native France . Isaby : New 5 % tax rate will lead to ' brain drain ' in France .