France has moved one step closer to adopting a US-style global tax on its citizens that will hit wealthy expats who have moved abroad to lower-tax jurisdictions.
The French Finance Committee has approved a hard-Left proposal that would force well-healed nationals to keep paying taxes in the country for a decade after leaving.
The scheme, which echoes the US’s citizenship-based tax system, was put forward by Left-wing firebrand Jean-Luc Mélenchon’s party, France Unbowed.
The authors of the proposal describe it as a “targeted universal tax” that would apply to…