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.