“We want to build the financial capital of the future,” said the PM. “In a word, now is the time to come to France.”
As many consumers of expat financial services in France already know, the French tax regime allows for tax deductions for non-salary benefits – for example, assistance for education fees.
The government also indicated that it would try to create more favourable working conditions for British wealth management firms looking to operate in France.
However, one potential stumbling block is the issue of freedom of movement; France agrees with other EU countries that British financial firms should be allowed to retain free access to EU markets only if Britain remains committed to the principle.
To find out more about how the current climate in Europe could affect your financial future, contact Blacktower today for expert expat financial services you can trust.
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It has been revealed that Harvey McGregor, the lawyer who innovated Grand Cayman as a tax planning centre for high net worth individuals, inspiring the growth of the financial services community in the Caribbean islands, has left an estate worth £1.4 million to his long-term partner.