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Europe

Sarkozy's plans 'to dodge new 75% French tax rate by moving to London

2013-01-23

[DAILYMAIL.CO.UK] Nicolas Sarkozy is preparing to move to London to set up a billion pounds plus investment fund, it was claimed today. If the move goes ahead, the controversial Frenchman will become the latest to escape a potential top tax rate of 75 per cent in his home country.

He's moving to Britain even though Brits are leaving because of high taxes. Rather tells you everything you need to know about Hollande's France...

He and his former supermodel third wife Carla Bruni-Sarkozy would be likely to settle in an affluent district like South Kensington -- so becoming the most high profile Gallic celebrity couple in the city.

But the former president is under investigation for corruption in France, and if he does cross the Channel there will be outrage.

French ex-Presidents are always investigated for corruption. The investigators are usually right...

Details of the planned move were uncovered during a raid by fraud police on Sarkozy's Paris mansion last June.

It came within weeks of Mr Sarkozy losing his immunity against prosecution after being defeated by Socialist rival Francois Hollande in the May presidential election.

Now the hugely respected investigative news site Mediapart reports that the 'first draft' of Mr Sarkozy's London project was found by detectives examining his computer files.

A judge has since made Sarkozy an assisted witness in the so-called Bettencourt Affair, in which he is accused of using illegal cash from France's richest woman to fund his 2007 election campaign.

Posted by:Fred

#7 Well actually, the only thing I really want to know is:

What's Carla Bruni gonna do?

Posted by: junkiron 2013-01-23 21:25

#6 He should cut a deal with the new government and act as the UN Ambassador for France. He can then relocate and move his assets without embarrassing the government of France.

Posted by: rjschwarz 2013-01-23 15:05

#5 Globalization - it's all about the flow of goods, capital, information, and labor. And Frenchmen.

Posted by: SteveS 2013-01-23 14:34

#4 Wealthy French people don't live in France. They live in London. They bank in Switzerland. They Shop in Singapore. They Party in Dubai. And they invest their money in whatever country that makes them the most profit. (Which usually excludes France, Greece, Great Britton, and the USA).

They do however take extended vacations (usually about 280 to 300 days a year) in France. Of course they never bring their money, or business records, or anything else the French Government can get its hands on, into the country.

Or in other words.... they live a lot like wealthy Americans.

Like the USA, what France needs more than anything else is economic growth. But also like the USA, economic growth will never happen as long as they continue to tax wealthy investors (and their money) out of their country.

Posted by: junkiron 2013-01-23 10:42

#3 Perhaps they go there "for the waters".

Posted by: Besoeker 2013-01-23 03:00

#2 A lot of wealthy + super-wealthy Frenchies are leaving France to SSSSSHHHHH save their wealth.

Enjoy the next two years while youse can - come 2015 or ASAP after, once the USA surrenders to NAU andor higher levels of OWG governance, THE ONLY REAL WAY FOR ANYONE ON EARTH TO SAVE THEIR WEALTH IS TO PHYSICALLY HIDE OR BURY IT.

Gold-n-Silver Bullion will be needed for use in Deep Space, both as a matter of Accounting-Budget Appropriation as well as being melted + reformed for Spaceship operating or engineering systems.

D *** NG IT, I DEMAND THAT THE US BUILD A DE FACTO WORKING DEATH STAR + STARSHIPS CREWED WID JAPANESE/BLADERUNNER SEX ANDROIDS IFF THE NAU + OWG ARE GONNA TAKE MY MONEY!

Oh wait, the Bammer said "No" ... ...

SO NO DEATH STAR, NO $$$, + NO SEX ROBOTS - ITS TIME FOR CIVIL WAR, CIVIL WAR I SAY!

[FAMILY GUY'S PETER "EVIL EYE" GRIFFIN here]

Posted by: JosephMendiola 2013-01-23 00:31

#1 French ex-Presidents are always investigated for corruption. The investigators are usually right...

Maybe they can set up an exchange program for former Presidents of Mexico.

Posted by: Procopius2k 2013-01-23 00:13

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