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Tax The Vapor Trail He's Leaving Behind
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The richest man in France, Bernard Arnault, has applied to become a Belgian citizen, just after the new French president reasserted his intent to push for a mega-tax on the rich. Arnault denies that he's moving to avoid the tax and says he'll pay it, but you know that the moment the tax gets added, he'll be gone. And that's what happens when you try to soak the rich; we've already forgotten the U.K. "tax exiles" of the Labour years before Thatcher. (Daily Telegraph)
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