French star Depardieu moves to lower-tax Belgium

PARIS (AP) — A Belgian mayor says famed French actor Gerard Depardieu has bought a home and set up legal residence in his small town, lured by the food, the people, the lifestyle — and lower tax rates than back home.

The Socialist government under French President Francois Hollande has infuriated many ultra-rich in France by presenting a 2013 budget that would tax top earners at 75 percent over the first €1 million of annual income. Belgium's top rate is 50 percent.

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