skilled belongings on the coronary heart of the tax battle | EUROtoday

The story goes again to after May 1981. The left has simply come to energy. A tax on massive fortunes (IGF) is looming, within the identify of tax justice. Wind of concern amongst very rich people, at the beginning Liliane Bettencourt. The richest lady on this planet has determined to not depart France, however doesn’t need to pay the brand new tax. Fortunately for her, “M^me L’Oréal” has highly effective relays. Her husband, André Bettencourt, and the director of L’Oréal, François Dalle, are previous mates of François Mitterrand. A lunch is organized.

“Liliane and André did not expatriate after the left came to power, but if the IGF is applied…”, slips François Dalle to the brand new President of the Republic. This tax could be “catastrophic”provides André Bettencourt. “Frankly, you and Liliane still have something to eat”smiles Mitterrand. Then he concedes: “I will talk about it” to the ministers involved, stories journalist Marie-France Etchegoin in A billion secrets and techniques (Robert Laffont, 2011). This is how a serious modification is launched into the invoice, the exemption of “work tools”. Liliane Bettencourt won’t should pay IGF on her L’Oréal shares, the center of her fortune. His actions inherited from his father will likely be thought of his “work tool”, in the identical approach as a craftsman’s workbench or a baker’s oven. Big bosses breathe…

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