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French actor Gerard Depardieu moves to Belgian tax haven

December 13, 2012


The Return of Martin Guerre_DVD_Amazon Associates link_Gerard-DepardieuOne of the first foreign language films I ever saw was The Return of Martin Guerre.

Gérard Depardieu was so great that I made it a point to see every movie he made. Heck, I even dragged the hubby to Green Card.

Crazy fans like me have made the actor a very rich man. So rich, in fact, that he recently decided it was time to leave his native France for a nearby tax haven.

And by nearby, I mean nearby.

Depardieu has settled in Nechin, Belgium, a village just 800 yards from the French border.

Not only is Nechin close geographically, about a third of its 2,000 residents are French, according to Britain's The Daily Mail.

The newspaper reports that Depardieu now lives on a street known as Millionaire's Row where many of his neighbors are other wealthy French expatriates. They all left before the country starts collecting in 2013 a 75 percent tax on all earnings of more than one million euros (about £850,000 or $1.3 million).

Depardieu isn't discussing his move but Nechin's mayor is.

"He has moved in already and he is very welcome here," Daniel Senesael, the village's top executive, told The Daily Mail. "He enjoys our countryside and our easygoing, rural way of life. And of course he also enjoys our lower taxes."

Escaping U.S. taxes: Tax expatriation was a hot topic in the United States earlier this year when it was revealed that Facebook co-founder Eduardo Saverin renounced his naturalized U.S. citizenship
and moved to Singapore.

The relocation was estimated to save Saverin $67 million in U.S. taxes on the $4 billion he made off the social media site's initial public offering.

With higher taxes possible if lawmakers can't reach a fiscal cliff solution, there's been speculation that more rich Americans soon could become ex-Americans for tax purposes.

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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