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피터빈트

Belgian dream ends for France’s richest man

By Korea Herald

Published : April 11, 2013 - 19:37

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Bernard Arnault Bernard Arnault
PARIS (AFP) ― France’s richest man Bernard Arnault has withdrawn his application for Belgian citizenship, he said in an interview on Wednesday, after the move caused a huge outcry in the country.

The head of luxury group LVMH applied for the citizenship last year as Paris moved to impose a 75 percent tax on incomes above one million euros ($1.6 million), although he had always denied doing it for tax reasons.

“I explained several times that I would remain a resident in France and that I would continue to pay my taxes there. In vain ― the message did not get through,” he told Le Monde newspaper.

“Today, I have decided to clear any ambiguity. I am withdrawing my demand for Belgian citizenship.”

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