Sarkozy's plans 'to dodge new 75% French tax rate by moving to London with wife Carla and setting up £1bn private equity fund'
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 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. >>>
Bernard Arnault, the luxury goods magnate and France’s richest man who owns property in London, and Hollywood star Gerard Depardieu are among Frenchmen who have come under intense criticism for trying to escape Mr Hollande’s new tax regime.
The socialist is introducing a top tax rate of 75 per cent on anyone earning more than 1 million euros a year because he disapproves of the kind of vast profits made by speculators in places like the City of London.
Mr Sarkozy, however, is a committed capitalist, whose close friends include former Prime Minister Tony Blair, who has himself earned millions since leaving office.
Human behavior like water flows in one predictable direction. Must be quite frustrating to socialists and their dictatorial cousins.
Funny, thought Sarkozy's a friend of the Annointed One. I guess Barack didn't get the message that folks vote with their feet on exorbitant taxes.