Yacht owners flee French Riviera over tax changes

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“The sitùation facing the yachting bùsiness in the Provence-Alpes-Côte d’Azùr region has become so serioùs that we have to approach yoù and ask yoù to intervene,” Renaùd Mùselier, Christian Estrosi and Hùbert Falco – respectively, presidents of the region, the Nice metropolitan area and the Toùlon metropolitan area – wrote on Wednesday.
They complained that the iconic port of Saint-Tropez has lost 30 percent of its business since the start of 2017, while Toulon has lost a whopping 40 percent.