Pursuits
Hollande Tells Billionaire to Be Patriot in Paying Taxes
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French billionaire Bernard Arnault should show patriotism and do his share to contribute to the country’s economic recovery, President Francois Hollande said yesterday in a televised interview.
Arnault, 63, LVMH Moet Hennessy Louis Vuitton SA chief executive officer, last week filed an application to become a Belgian national. The billionaire promised he would continue to pay taxes in France, countering reports he wants to avoid taxes.