Categories: Taxation

expatriation an issue in the presidential campaign

<p class&equals;"p1"><span class&equals;"s1">Nearly 2&amp;comma;5 million French people live abroad&amp;comma; mainly for professional reasons&amp;period; However&amp;comma; they maintain strong ties with France&amp;period; In this election period&amp;comma; expatriation could be a campaign issue&amp;period;<&sol;span><&sol;p>&amp;NewLine;<h4 class&equals;"p2"><span class&equals;"s1">Article and caption info<&sol;span><&sol;h4>&amp;NewLine;<p class&equals;"p3"><span class&equals;"s1">94&amp;percnt; of expatriates intend to&amp;rsquo&amp;semi;go to the polls in 2017 according to the 2017 Humanis barometer &amp;&amp;num;8211&amp;semi; lepetitjournal&amp;period;com&amp;period; They live&amp;comma; for the most part&amp;comma; in Europe&amp;comma; in Africa&amp;comma; the United States or even Oceania&amp;comma; but 82&amp;percnt;&amp;comma; follow&amp;comma; French political news at least once a week&amp;period; A non-negligible breeding ground for candidates in the&amp;rsquo&amp;semi;presidential election&amp;period; What these expatriates expect from the new Head of State &amp;quest; That he will give priority to employment &amp;lpar;84 &amp;percnt;&amp;rpar;&amp;comma; education &amp;lpar;76 &amp;percnt;&amp;rpar; and security &amp;lpar;64 &amp;percnt;&amp;rpar;&amp;period; Nothing new under the sun, since these are important areas for the majority of French people&amp;period;<&sol;span><&sol;p>&amp;NewLine;<p class&equals;"p3"><span class&equals;"s1">"But&amp;comma; where there are divergences&amp;comma; is when we look at the issues of the future president for which these French people abroad say they pay most attention;Sylvaine Emery&amp;comma; director of international and overseas activities at Humanis &amp;colon; taxes&amp;comma; education&amp;comma; retirement and health&amp;period; In short&amp;comma; a lot of social protection and taxation&amp;period; "It&amp;rsquo&amp;semi;s the little plus à la française&amp;period; Our social protection system is more efficient and less expensive&amp;period; As expatriates&amp;comma; they are not used to the Anglo-Saxon system where you have to pay before you&amp;rsquo&amp;semi;can be treated"&amp;comma; explains Stéphanie Villers&amp;comma; chief economist&amp;period;<&sol;span><&sol;p>&amp;NewLine;<p class&equals;"p3"><span class&equals;"s1">For the French living abroad, the candidates are eagerly awaited for their proposals&amp;period; All the more so as&amp;comma; if Obamacare has had an impact on the social security coverage of expatriates in the United States &amp;lpar;92 &amp;percnt; of them are now covered&amp;rpar;&amp;comma; nonetheless, overall subscriptions to &amp;lpar;pension&amp;comma; health&amp;comma; provident and repatriation assistance&amp;rpar; declined last year&amp;period; The fault lies in the fact that 48&amp;percnt; of uncovered expatriates consider the cost too high&amp;period;<&sol;span><&sol;p>&amp;NewLine;<h4 class&equals;"p4"><span class&equals;"s1">Creating companies &amp;quest; Yes&amp;comma; but not in France<&sol;span><&sol;h4>&amp;NewLine;<p class&equals;"p3"><span class&equals;"s1">The other non-negligible point for the presidential campaign is related to the creation of&amp;rsquo&amp;semi;businesses&amp;period; Among expatriates&amp;comma; 20 &amp;percnt; of them are entrepreneurs when 39 &amp;percnt; admit to being tempted to start an entrepreneurial project&amp;&amp;num;8230&amp;semi; abroad &amp;excl; Why not in France &amp;quest; The administrative procedures there are considered too complex&amp;comma; by 79&amp;percnt; of expatriates&amp;period; "This raises questions about&amp;rsquo&amp;semi;entrepreneurship"&amp;comma; notes Stéphanie Villers&amp;comma; chief economist&amp;period; "Obviously&amp;comma; this&amp;rsquo&amp;semi;is a recurring topic in politics&amp;period; For two quinquennia now&amp;comma; we've been hearing about simplification measures, and yet&amp;comma; we're witnessing a brain drain&amp;period; And yet&amp;rsquo&amp;semi;business start-ups are the jobs of tomorrow"&amp;period;<&sol;span><&sol;p>&amp;NewLine;<p class&equals;"p3"><span class&equals;"s1">But what amplifies the need for France to rethink expatriation&amp;comma; is obviously the rise of protectionism within host countries&amp;period; "With the&amp;rsquo&amp;semi;election of Trump and the Brexit&amp;comma; it&amp;rsquo&amp;semi;s a cold shower&amp;period; Who could have imagined that these two symbols of globalization and free trade would become areas of tension &amp;quest;" continues the&amp;rsquo&amp;semi;economist&amp;period;<&sol;span><&sol;p>&amp;NewLine;<h4 class&equals;"p4"><span class&equals;"s1">After Trump&amp;rsquo&amp;semi;s election and Brexit&amp;comma; the economic war is on<&sol;span><&sol;h4>&amp;NewLine;<p class&equals;"p3"><span class&equals;"s1">S&amp;rsquo&amp;semi;it is still too early to draw conclusions in figures&amp;comma; future trends are strongly envisaged&amp;period; "There could be a shift towards&amp;rsquo&amp;semi;other destinations for French expatriates&amp;period; Asia Pacific&amp;comma; Oceania&amp;comma; Canada, provided NAFTA is not called into question&amp;period; Africa, which has long been neglected, could become a strong growth pole&amp;period;<&sol;span><&sol;p>&amp;NewLine;<p class&equals;"p5"><span class&equals;"s2">In Europe, which accounts for 49% of the destinations chosen by French expatriates, the stakes are high: "If the Eurozone and France know how to send out the right signals, they will have the opportunity to establish themselves as leaders;If the Eurozone and France can send out the right signals, they will have the opportunity to establish themselves as leaders&amp;period; This is particularly true for the City&amp;period; It represents 15 &amp;percnt; of British GDP&amp;period; It's in our interest to recover these brain-drainers"&amp;period; In Great Britain&amp;comma; French expatriation is estimated at 400,000 people&amp;period; "Theresa May's decision on a possible "hard Brexit" will be crucial&amp;period; After that&amp;comma; expatriates will have two years to make up their minds&amp;period; Added to this&amp;rsquo&amp;semi;is the fall in sterling &amp;colon; it's no longer a comfort zone&amp;period; The question is therefore open and the economic war is on"&amp;period;<&sol;span><&sol;p>&amp;NewLine;<p class&equals;"p5"><a href&equals;"http&colon;&sol;&sol;www&period;latribune&period;fr&sol;vos-finances&sol;pourquoi-l-expatriation-pourrait-etre-un-enjeu-de-la-campagne-presidentielle-635044&period;html" target&equals;"&lowbar;blank">source<&sol;a><&sol;p>&amp;NewLine;

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