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French actor Depardieu sets up Belgian investment firm

  • Actor Gerard Depardieu, accused by the government in his native French of trying to evade taxes, has set up a company in neighboring Belgium where taxes on wealth are lower than in his homeland.

    According to official documents filed on March 8, the Cyrano de Bergerac and Asterix actor had set up a firm that would invest in other companies.

    Holding 2712, a reference to his birthday on December 27, will be based in the Belgian border town of Estaimpuis.

    Some 2,800 French live in the same area, including the Mulliez family, who own the French hypermarket chain Auchan and Decathlon sports stores.

    Belgian residents do not pay wealth tax, which in France is applicable to individuals with assets over $1.67 million.

    Depardieu's tax row with the French government also saw him to take Russian citizenship in January.

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