France's supertax and the flight of the rich

At the Louis Vuitton flagship store on the Champs-Elysées, the Japanese tourists jostle over the famous monogrammed leather bags as if they are going out of fashion.

France may be caught up in the global economic crisis, but there is no sign of it in Paris. LVMH is a leader in a still-flourishing luxury goods market and its chief executive, Bernard Arnault, is in the enviable position of being the richest man in France.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1042409/frances-supertax-and-flight-rich