The richest man in France has officially transferred his multi-billion pound fortune out of his homeland to Belgium.
Bernard Arnault, head of luxury goods group LVMH, insists he has moved his assets for ‘family inheritance reasons’.
But others are convinced that the 63-year-old has joined other tycoons and celebrities in wanting to avoid taxes – including a 75 per cent top rate on income – introduced by Socialist President Francois Hollande.
And Tina turner says adios to U.S. :
US pop legend Tina Turner, who has been living in Switzerland since 1995, will soon receive Swiss citizenship and will give up her US passport, Swiss media reported Friday.
The swine said
It just goes to show you what happens when power-hungry politicians get out of hand. The rich can always pick up and find greener pastures elsewhere. The rest of us will just get stuck with the bill for the rest of the looting layabouts.
Holder on Friday released three proposals to strengthen the National Instant Criminal Background Check System (NICS), which was one of the 23 actions ordered by Obama last week to tackle gun violence.
The proposed regulations would give local law-enforcement agencies access to the gun-sale database that is maintained by the FBI. The rules would also preserve records of denied weapons sales indefinitely.
The Brady Handgun Violence Prevention Act already requires federal background checks for gun purchases, but not every firearm sale is covered under the law.
Illinois’ credit rating has taken another hit. Standard & Poor’s Ratings Service downgraded the state from an “A” rating to “A-minus”, making it the worst in the country.
The New York ratings firm’s ranking means taxpayers may have to pay tens of millions of dollars more in interest when the state borrows money for roads and other projects.
The downgrade is the latest fallout over the $96.8 billion debt to five state pension systems.
The downgrade now ties Illinois with California, but California has a positive outlook.
Illinois’ fragile overall financial status netted it a negative outlook, putting it behind California overall.
The ratings came out now because Illinois plans to issue $500 million in bonds within days.
The death toll from the bloody terrorist siege at a natural gas plant in the Sahara climbed to at least 81 on Sunday as Algerian forces searching the complex for explosives found dozens more bodies, many so badly disfigured they could not immediately be identified, a security official said.
The swine said
The Islamists aren’t going away any time soon.