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 LOL: Sarkozy claim points to new tax uproar

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RR Phantom

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LOL: Sarkozy claim points to new tax uproar Vide
PostSubject: LOL: Sarkozy claim points to new tax uproar   LOL: Sarkozy claim points to new tax uproar Icon_minitimeThu Jan 24, 2013 1:35 am
PARIS: France is rife with speculation - hotly denied - that the former president Nicolas Sarkozy plans to set up an £800 million ($1.2 billion) private equity fund in London.

LOL: Sarkozy claim points to new tax uproar Art353sarkozyclaim300x0



Mr Sarkozy, who left office in June, has been using his new job as a highly paid international conference speaker to try to stump up capital for the new venture, the respected investigative website Mediapart reported on Tuesday.

The move would make the 57-year-old right-winger the latest high-profile figure to circumvent tax rises introduced by his Socialist successor, Francois Hollande. These include a capital gains tax of more than 60 per cent on stocks, bonds and company sales - with some exceptions - and, most controversially, a 75 per cent levy on earnings above €1 million ($1.26 million).

Read more: http://www.smh.com.au/world/sarkozy-claim-points-to-new-tax-uproar-20130123-2d7gp.html#ixzz2Is8zell5

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