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A decision by France’s richest man, LVMH Moet Hennessy Louis Vuitton SA (MC) Chief Executive Officer Bernard Arnault, to seek Belgian citizenship created a media frenzy over tax exiles. Arnault had to quickly come out and say that he plans to retain his local residence and will continue to pay French taxes.

Photographer: Antoine Antoniol/Bloomberg

A decision by France’s richest man, LVMH Moet Hennessy Louis Vuitton SA (MC) Chief Executive Officer Bernard Arnault, to seek Belgian citizenship created a media frenzy over tax exiles. Arnault had to quickly come out and say that he plans to retain his local residence and will continue to pay French taxes.
December 02, 2012
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