Dassault CEO may relocate over tax

AFP-JIJI

Bernard Charles, chief executive of the French high-tech group Dassault Systemes, is mulling leaving his native France for tax reasons, a center-left daily newspaper said Monday.

In an interview published in Le Monde, Charles said that although the thought of going into tax exile was maturing and he was considering it “in all its aspects,” no decision had yet been made.

“My concern is the heavy taxing on capital, stock options and free shares,” he was quoted as saying.

The comments come as several of Charles’ compatriots — notably actor Gerard Depardieu — have left or are threatening to leave France owing to a proposed 75 percent tax rate on earnings of more than €1 million ($1.3 million).

Charles said that several Dassault Systemes directors had already left the country, but emphasized that the proposed tax rate would not be the deciding factor in his case.