Wednesday, January 23, 2013

Adieu Hollande: "Ex-French Pres. Sarkozy May Flee Millionaire Tax And Do Prviate Equity Overseas"

From Forbes:
Nicolas Sarkozy, the one-time French president, is reportedly mulling a move across the Channel.

Sarkozy’s decision to desert his native soil—the nation he governed for five years—comes amid speculation that France will create a burdensome millionaire tax. Sarkozy may set up a private equity shop in London, the Times of London reports, where there is no such levy. The fund would apparently total some 950 million euros ($1.3 billion)....MORE