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  • French luxury billionaire sparks tax debate with threat to leave

    02/01/2025 11:08:29 AM PST · by E. Pluribus Unum · 10 replies
    Yahoo! Finance ^ | Thu, January 30, 2025 at 4:27 PM CST | Katell PRIGENT
    Bernard Arnault, the billionaire boss of the world's biggest luxury conglomerate LVMH, has picked a fight with the French government by suggesting that companies could flee France for the United States to escape a planned tax hike. As the government of Prime Minister Francois Bayrou is struggling to fine-tune a budget designed to tackle the country's deficits and debt mountain, Arnault took issue with an expected key ingredient, a special tax on large companies. "I have just returned from the US, and I have witnessed the wind of optimism in that country. Coming back to France is a bit like...