Welcome to Russia, loosen your belts!

Published time: January 07, 2013 03:12
Edited time: January 07, 2013 11:34
Sean Thomas
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As the eurozone sees a number of their wealthier citizens flee the unbearable tax burden and constant cuts of austerity, RT’s Sean Thomas explains what Russia has to offer new migrants.

­A French radio recently claimed that 5,000 French citizens have fled the country since Socialist President Francois Hollande’s took office and threatened to raise the tax rate in an economy struggling to stay afloat after the financial crisis.

The French government's plan to adopt a 75 per cent tax on incomes over 1 million euros led to a scandal in which Gerard Depardieu, the famed actor put his Paris mansion up for sale, gave up his French passport and went to Russia to become a new citizen.

As Depardieu contemplates how his new home promises to save him money and open new opportunities, RT’s Sean Thomas explains what Russia offers for a serious investor.

Comments (25)

Enrique (unregistered) 08.01.2013 03:36

1. Very low Public Debt and budget deficit, which means a high growth potential, opportunities for investment. While Europe, America and Japan are so much in Debt which doesn´t have room to maneuver. 2. A large $ 528 bn. foreign currency reserve and increasing gold reserves, which mean Russia can keep its investment even if oil prices fall. 3. New intercontinental Eurasian connections between Germany and China, which mean a logistics premium for investors. 4. An emerging and developing market in many areas (construction, manufacturing, agrobusiness) where Russia still has to catch up Western Europe or the U.S.....So, there are opportunities for investment, and just the need for capital, ideas, corporations and skilled people to develop those resources. Russia will continue its economic integration with both the European Union and Asia (China, Japan, S.Korea) Ukraine, Belarus and Kazakhstan should be the first source for Russian immigrants while immigrants from Uzbekistan (at present the largest immigration source) should be restricted at least until its Government shows more cooperation with the Eurasian Union.

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Mechta (registered) 07.01.2013 18:21

Zeitgeisttt wrote in #5
It is easy for corporations and rich people to move to another country to increase there profit margin.....

It is not likely many western corporations will move to Russia given their anticorruption policy.  However individuals who want to start legitimate businesses that are law abiding will definitely find it profitable in Russia. 

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Mechta (registered) 07.01.2013 17:14

Tommy (unregistered) wrote in #15
Gini coefficient:France 0.327Germany 0.283Russia 0.403
This means that the income of Russians is very inequal. And a flat tax rate only widens the gap.
A flat tax means everyone is paying their fair share and the wealthy are not exempt.  This is why the US/EU don't have a flat tax. 

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