Richard moved to Switzerland? [Archive] - MensTennisForums.com

Richard moved to Switzerland?

SwissMister1
09-26-2005, 02:33 PM
It says so on his ATP profile...

http://www.atptennis.com/en/players/playerprofiles/default2.asp?playersearch=Gasquet%2C+Richard

It has something to do with the taxes in France? I don't know how that works. Did he buy a house or something in Switzerland?

silverwhite
09-26-2005, 02:38 PM
If I'm not wrong, he bought a house in Switzerland but still mainly lives in Paris. :)

SwissMister1
09-26-2005, 02:49 PM
If I'm not wrong, he bought a house in Switzerland but still mainly lives in Paris. :)

how sneaky :) I don't get why the French govt. doesn't just reform their tax laws instead of making all of their athletes buy houses in Switzerland or Florida...

delsa
09-26-2005, 03:56 PM
how sneaky :) I don't get why the French govt. doesn't just reform their tax laws instead of making all of their athletes buy houses in Switzerland or Florida...
Because it brings lots of money and the Socialists would hit the streets.... ;)
Sarko want to diminishe the ISF (Impôt sur la Fortune) so that it doesn't exceed 50% of your earnings and Copé wants to diminish it so that it doesn't exceed 60% of them...
It will change soon maybe. There are other reforms too but well...I don't follow this well at all. It's something like that.
He doesn't mainly lives in Paris. Like the other he can't live more than 6 months a year in France or he'll have problem with the FISC and have to pay the French taxes...
His new house is in Neuchâtel next to Forget's one. There are lot of other French tennis player in Swizerland (and of French ppl too) so he won't be so homesick and he'll play with the fringe of the rules like the other moving there because of money... ;)

silverwhite
09-26-2005, 03:59 PM
Because it brings lots of money and the Socialists would hit the streets.... ;)
Sarko want to diminishe the ISF (Impôt sur la Fortune) so that it doesn't exceed 50% of your earnings and Copé wants to diminish it so that it doesn't exceed 60% of them...
It will change soon maybe. There are other reforms too but well...I don't follow this well at all. It's something like that.
He doesn't mainly lives in Paris. Like the other he can't live more than 6 months a year in France or he'll have problem with the FISC and have to pay the French taxes...
His new house is in Neuchâtel next to Forget's one. There are lot of other French tennis player in Swizerland (and of French ppl too) so he won't be so homesick and he'll play with the fringe of the rules like the other moving there because of money... ;)

I thought someone said that he mentioned before that he still has dinner with his parents. :confused:

Anyway, he can't stay at one place for long. He has to keep travelling. :o

SwissMister1
09-26-2005, 04:01 PM
Because it brings lots of money and the Socialists would hit the streets.... ;)
Sarko want to diminishe the ISF (Impôt sur la Fortune) so that it doesn't exceed 50% of your earnings and Copé wants to diminish it so that it doesn't exceed 60% of them...
It will change soon maybe. There are other reforms too but well...I don't follow this well at all. It's something like that.
He doesn't mainly lives in Paris. Like the other he can't live more than 6 months a year in France or he'll have problem with the FISC and have to pay the French taxes...
His new house is in Neuchâtel next to Forget's one. There are lot of other French tennis player in Swizerland (and of French ppl too) so he won't be so homesick and he'll play with the fringe of the rules like the other moving there because of money... ;)

60% :eek: That is a lot of money to pay in tax...no wonder he moved out! And who wouldn't want to live next to Guy Forget? :)

delsa
09-26-2005, 04:04 PM
I thought someone said that he mentioned before that he still has dinner with his parents. :confused:

Anyway, he can't stay at one place for long. He has to keep travelling. :o

That was when he entered the Pôle Espoir in Paris in 2002 and left Sérignan.
It's over since a long time. Parents in Paris/Sérignan, him in Neuchâtel/Paris. ;)
Yep. Like for Clément and the others that's just a "tax justifying house" if you know what i mean...(and if that means something in English... :o ). His whole life is about travelling all the time.

silverwhite
09-26-2005, 04:05 PM
That was when he entered the Pôle Espoir in Paris in 2002 and left Sérignan.
It's over since a long time. Parents in Paris/Sérignan, him in Neuchâtel/Paris. ;)
Yep. Like for Clément and the others that's just a "tax justifying house" if you know what i mean...(and if that means something in English... :o ). His whole life is about travelling all the time.

Oh. I don't think the poster mentioned that it was a long time ago. :o

:lol: I would do that too if I were them.

delsa
09-26-2005, 04:07 PM
:lol: I would do that too if I were them.

They just have to. :shrug: :rolleyes: :sad:

Vialator
09-26-2005, 05:30 PM
Also the french rich like richie (a premonitory first name ;) ) don't go to Monaco because the french citizen have to pay taxes in this fiscal paradise...

chicky841
09-26-2005, 09:34 PM
well that sux. i would move too! ya i heard that a bunch of french players live in france.

simpletennis
09-27-2005, 01:05 AM
hmm, i didn't know that. learn something new everyday!

Daniela_CABJ
09-27-2005, 04:34 AM
I think it's not only in France, many sport people "live" somewhere else because of taxes. But it doesn't mean they have to live there.

Éowyn
09-27-2005, 05:24 AM
it's not just the french that have the problem and not just tennis players alot of people have to do it! half the actors and actresses have homes in other countries coz of taxes.

even mohammed al fayed (harrods owner and also fulham chairman) has to spend a certain amount of time each year out of the country to save himself millions of £££'s in taxes.
if i recall accurately even the spice girls had to do it. It sucks really!

SwissMister1
09-27-2005, 05:26 AM
if i recall accurately even the spice girls had to do it. It sucks really!

I am now picturing the Spice Girls coming up with schemes to get out of taxes :)

Éowyn
09-27-2005, 05:26 AM
also they don't have to live there they just have to spend a certain amount of time out of that country. So for a tennis player who is always in different countries. he can buy a house in switzerland stay there once in a while say he is living there (which is difficult for any tennis player to say honestly :lol: ) still stay in france whenever he likes. but just say his main residence is switzerland.

anyway it's all untrue he lives in england with me :p

simpletennis
09-27-2005, 05:26 AM
that's kinda confusing!! well, to me at least

Éowyn
09-27-2005, 05:27 AM
it is very confusing but then what snot confusing about the way the governments run the countries

Saumon
09-27-2005, 08:22 PM
does he have a view on a wall like marat in monaco? :lol:

Marine
09-27-2005, 08:44 PM
Noah, Forget, Leconte, Boetsch, Pioline, Escudé, Santoro, Clement, Mathieu, Di Pasquale, Mauresmo, Llodra (from the last year)and now Richard live in Switzerland (it could be easier to say who don't live here ! lol).
Everybody agrees to say life in Geneva is perfect for tennis blablabla...but in fact none of them lives really here, they just have an appartment and live there only the minimum of weeks by year.
Paulo is mainly in Paris when he's not at a tournament, the other players of the team Paris Jean Bouin too. Arnaud Clément lives mainly in Aix en Proevence etc...in short Geneva is their official hometown but it's just for taxes.

tennisgirl19
09-27-2005, 09:17 PM
This is all so intersting. Its like a history/government lesson.
Very, very informative.

chicky841
09-27-2005, 09:30 PM
lol ya... switzerland is lookin alot more appealing.

simpletennis
09-28-2005, 03:20 AM
wow, switzerland is like filled w/tennis players! haha. why switzerland though? why not belgium?

delsa
09-28-2005, 06:55 PM
An hot article about the situation from Newsweek International (of course it's very caricatural and alarmist as always with this kind of press when it speaks about this kind of things but that's an aspect of the situation not too badly explained; there was another one about it in today's Le Monde and there must be much more since the subject his one of the issues debated a lot in France right now and it even made it to the free press, that's actually when i realized i may had to look for more infos...). I don't know if that interest you but i post it anyway. If that interest you i'll may post some others to get other outlooks/point of view on that than the one this article gives. interesting read anyway to see how the situation is depicted by the international American press so what ppl will have heard about it and how. I took it on their site after reading it at my school's library. I hope it's the same version as in the paper version, same lenght etc...

Flight of the French

A nation that prides itself on égalité has a tax code that is driving its richest citizens to Belgium, in droves.

By Tracy McNicoll
Newsweek International

Sept. 26 - Oct. 3, 2005 issue - The Belgians call them "fiscal refugees," but these refugees wear Chanel. They are runaways from high taxes in France. Officially, France has lost, on average, one millionaire or billionaire taxpayer per day for tax reasons since 1997, when the government started trying to track capital flight. Privately, economists say the number is much higher. "The statistic is stupid," holds French economist Nicolas Baverez. "It's as if, to count contraband, you only counted what people declared at the border."

While much of Europe has revised its tax codes, France's fiscal inertia is virtually begging its rich to leave. Holding dear its commitment to égalité and fraternité, France has bucked the trend in the European Union, where most member states have dropped the wealth tax since the mid-1990s. France went the opposite way in 1997 by abolishing a cap that limited the wealth-tax bill, which kicks in at incomes over 720,000 euro, to 85 percent of a taxpayer's income. The result: some pay more taxes than they earn in income.

At the same time, France joined the move to open borders in Europe, and last year was compelled by the European Court of Justice to cut its "exit tax" on departing fortunes. The result, according to a recent study by the economic weekly Challenges, is that so far, 13 of France's 20 richest industrial families have either partially or entirely expatriated their fortunes. They include members of the Muillez family behind the Auchan hypermarkets fortune and the Halley family of Carrefour's. Says Baverez, "All of the great families of northern France, they aren't in Lille anymore; they're all in Belgium."

France's so-called solidarity tax on wealth dates to the 1980s. It works a bit like a capital-gains tax but is actually a tax on the capital itself. Controlling shareholders and top company directors are exempt until they sell their shares. France then also charges them a 27 percent value-added tax on the same sale. Eric Pichet, author of a practical guide to the wealth tax, estimates that since 1998, the tax has cost France 100 billion euro in capital flight—a sum that could be expected to generate an additional 5 billion euro in annual returns. All for a tax that brings in only 2.6 billion euro a year. "Every time you touch it, the French say you're gifting the rich," says Pichet, but keeping it means "it's the others paying for the rich." Capital flight has produced a political backlash: Nicolas Sarkozy, a presidential candidate for 2007, surprised his party convention recently by diverting from his prepared speech and calling for wealth-tax reform this fall.

The fleeing rich are partial to Belgium because it is French-speaking, is only 85 minutes from Paris by train and has no wealth or value-added tax. A recent French government report on fleeing taxpayers concluded that the typical departing 55-year-old has about 15 million euro in capital and tends to choose Belgium or Switzerland; the fleeing 45-year-old with 3 million to 4 million euro will go to Britain or the United States. As Italy has liberalized, it has begun to draw exiles, too. "The effect is terrible because it is either large fortunes or people who have created businesses and are succeeding," says Baverez. "And their taxes get paid to the queen of England or the king of the Belgians, not France."

The wealth tax is the reason the Taittinger family will harvest their last grapes this fall. They've been making champagne in Reims since 1932, but reluctantly sold out to American hotelier Starwood Group in July. Champagnes president Claude Taittinger says that since the ceiling on the wealth tax was lifted in 1997, 10 of 50 family shareholders have moved abroad and others may follow. "The ISF is killing family business, but it's extremely popular in France—people like it because they think they are making the rich pay," says Taittinger. "But the rich aren't paying, they're leaving."

Taittinger doubts that will change. He says Prime Minister Dominique de Villepin doesn't want to be seen as "the man who suppressed the wealth tax." Indeed, Villepin has said wealth-tax reform is "not a priority," perhaps following the hard lessons learned by President Jacques Chirac, his political patron. Chirac is said to blame his defeat in the 1988 presidential election on his 1986 decision (later reversed) to lift the wealth tax. Now Chirac won't touch the issue, says Bruno Gibert, a tax lawyer and former adviser to Sarkozy. "It's no longer a tax. It's become a symbol or a political object."

Still, the backlash may produce changes. France is growing so slowly, it can hardly afford to lose wealthy and dynamic tycoons in droves. Yet rising property prices are lifting thousands into the rich tax class; the number of people paying the wealth tax has nearly doubled since 1997, to 335,000 in 2004. Provincial farmers and Paris pensioners are now getting billed alongside the Taittingers, broadening support for reform. Even Sen. Jean Arthuis, who was Finance minister when the cap on the wealth tax was lifted, now calls it "a fiscal anomaly" that should be abolished. That might give the fiscal refugees an opening to come home, if it isn't too late.

© 2005 Newsweek, Inc.

*julie*
09-28-2005, 07:23 PM
Thanks Delsa for the article. It was interesting...
I am not very keen on liberalism... but I must confess this situation is worrying :rolleyes:

Saumon
09-28-2005, 07:33 PM
wow, switzerland is like filled w/tennis players! haha. why switzerland though? why not belgium?
they want to discover roger's secret :aplot: :devil:

chicky841
09-28-2005, 09:42 PM
lol haha

tennisgirl19
09-29-2005, 12:55 AM
wow, thanks Delsa
Really interesting article :yeah:

simpletennis
09-29-2005, 12:55 AM
they want to discover roger's secret :aplot: :devil:


hahaha

SwissMister1
09-29-2005, 04:20 AM
That is a really interesting article, also it will remind me not to complain when I see what is taken out of my paycheck :)

Lindsayfan
10-03-2005, 01:54 PM
even mohammed al fayed (harrods owner and also fulham chairman) has to spend a certain amount of time each year out of the country to save himself millions of £££'s in taxes.



yep he was living in geneva too, in a hotel. now he has moved to montecarlo.