The Latest Evader Of The French Millionaire Tax: The Former French President
January 22, 2013 - 3:39pm
That even former French president Nicolas Sarakozy plans to start a £1 billion private equity fund in London is not news: courtesy of ZIRP and the ongoing global reliquifiication of markets by every central bank as currency warfare goes ballistic, one would have to be seriously unlucky to chase the central planner inflated beta rally and not succeed (one would also have to be very unaware of the difference between nominal and real returns, but since that is most people these days, let's ignore that). What is news, is that as part of said transfer to the "asset management business" it is none other than the former French president who is next in line to evade Hollande's millionaire tax by crossing the Channel, and "redomiciling" himself in London. From The Mail: Nicolas Sarkozy is preparing to move to London to set up a billion pounds plus investment fund, it was claimed today. &n...
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