Monday, September 10, 2012

France’s richest man applies to become a (less-taxed) Belgian citizen...

Bernard Arnault, the richest man in France and the world's fourth-wealthiest, has applied for Belgian nationality as Paris moves to impose a 75-percent wealth tax, reports said Saturday.

The 63-year-old billionaire head of the LVMH luxury goods empire filed an application with parliament last week to become a naturalised Belgian citizen, the La Libre Belgique daily quoted a senior official as saying.

"The file will be treated the same as all the others," Georges Dallemagne, the head of the naturalisation commission, told the paper. "We currently have 47,000 before us."

Belgian legislation requires applicants for citizenship to have had at least three years residency in Belgium, barring which they need to prove ties to the country, Dallemagne said.

Arnault lives in Paris and has a home in Brussels, the daily said. Full story...

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