Paris ‘prepares new move’ to woo London’s top earners after Brexit

France is determined to make the most of Britain's divorce from the EU and is preparing more tax cuts to make the country attractive to top earners who might quit the UK after Brexit, according to reports in France.

Paris 'prepares new move' to woo London's top earners after Brexit
Photo: AFP
France has long been seen as unattractive to top earners due to the high amount of taxes they have to pay compared to other countries, but the government of Emmanuel Macron is determined to alter that image.
Nevertheless the tax burden on high salaries in France remains an issue that complicates Paris's marketing drive.
According to Les Echos the government is preparing a new round of tax cuts in January in a bid to make Paris as competitive as Frankfurt with both cities fighting to replace London as Europe's financial hub.
The move would see a reduction in so-called “social charges” that are deducted from people's pay packets for those moving to Paris from London.
“Reducing the burden on the high salaries of finance is crucial to accelerate transfers from London to France. The public authorities have no ambiguity on this,” said Arnaud de Bresson, the general delegate of Paris Europlace.
The high costs to employers in France compared to Germany or the Netherlands is also seen as hindering Paris's chances of wooing more bankers post-Brexit.
According to Les Echos an employer who pays a banker a salary of €100,000 a year will see payroll costs reach €49,000 in France compared €12,000 for the equivalent salary in Germany.
Brexit: France to cut income tax and open international schools to entice London's bankers to Paris


Brits in Europe won right to vote for life in UK but questions remain

After years of campaigns and promises British citizens living abroad finally won the lifelong right to vote in UK general elections in April 2022. But campaigners say more needs to be done to allow all those Britons abroad to be able cast their votes easily.

Brits in Europe won right to vote for life in UK but questions remain

What’s in the law?

The Elections Act 2022 introduced several changes to the current legislation on electoral participation. Among these, it removed the rule by which British citizens lose their voting rights in the UK if they have lived abroad for more than 15 years

The new rules also abolished the requirement to have been previously registered in the UK electoral roll to become an overseas voter. In addition, the registration in the electoral roll will now last up to three years instead of only one year.

It is estimated that these changes could increase the number of overseas voter registrations by some 3 million. But the way new measures will be applied in practice is still to be defined.

READ ALSO: ‘Mixed feelings’ – British citizens in Europe finally get right to vote for life

Defining the practicalities

Under the new law, Britons living abroad will have to register to vote in the last place they were registered in the UK. This means that people who have never lived in the UK will be ineligible to vote, regardless of how long they have been overseas, while those who left when they were children will be able to use a parent or guardian’s address.

But given that the UK does not require residents to register with local councils, how to prove previous UK residence? “Typical documents accepted as a proof of residence are Council tax or utilities bills, but not everyone will have them or will have kept them in an international move,” says Fiona Godfrey, co-founder of the British in Europe coalition.

Ballot papers are pictured in stacks in a count centre as part of the 2019 UK general election. (Photo by ANDY BUCHANAN / AFP)

Other questions concern how people will effectively cast their ballot. UK citizens overseas will be able to vote by post or by proxy or in person at their polling station if they are in the UK at the time of the election. However, few people are likely to travel to the UK for an election and in the past there have problems and delays with postal voting.

The Electoral Commission has recommended that overseas electors appoint a proxy to vote on their behalf. But who could that be for people who have been away from their constituency for a long time?

New secondary legislation will have to answer these questions, defining how to be included in the electoral roll and how to exercise the voting right in practice.

According to British in Europe, the government should present draft legislation in the first half of the year so that the parliament can adopt it before summer and registrations of overseas voters can start in the autumn.

British in Europe survey

British in Europe are currently running a survey to understand the difficulties UK citizens abroad may face in the registration and voting process, as well as their intention to participate in elections.

The survey asks for instance which documents people can access to prove their previous residence in the UK, what problems they had voting in the past, and if and how they plan to vote in the future.

“We need to get an up-to-date picture of British citizens living around the world and have information to make recommendations to the government, as it prepares secondary legislation,” Godfrey said. “If millions of people will exercise their voting rights, there will be consequences for council registration offices, post office and authorities that will manage the process, among other things” she argued.

The right to vote concerns only UK parliamentary elections and national referendums, not elections in the devolved administrations of Scotland, Wales and Northern Ireland, or at local level.

The survey is open to UK citizens living anywhere in the world and is available at this link.