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UrbScotty

(23,979 posts)
Thu Apr 4, 2013, 06:53 PM Apr 2013

France's President Hollande fights tax scandal

Source: BBC

A financial scandal is threatening French President Francois Hollande, after it emerged that his former Socialist Party treasurer invested in two Cayman Islands offshore companies.

Jean-Jacques Augier, who managed Mr Hollande's campaign funds, told the daily Le Monde that there was "nothing illegal" in his tax haven affairs.

Meanwhile, ex-budget minister Jerome Cahuzac has been charged with fraud.

Ministers are under pressure to reveal what they knew about his tax evasion.

Read more: http://www.bbc.co.uk/news/world-europe-22027376



In France, it's a scandal to invest in Cayman offshore companies.

In the US, you're all but rewarded for doing so.
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France's President Hollande fights tax scandal (Original Post) UrbScotty Apr 2013 OP
The scandal is that the investor is a socialist who pushes high taxes. It's the hypocrisy factor. 24601 Apr 2013 #1
+1. That might explain why only ten months in, Hollande's approval is under 30%. Tarheel_Dem Apr 2013 #2

Tarheel_Dem

(31,211 posts)
2. +1. That might explain why only ten months in, Hollande's approval is under 30%.
Fri Apr 5, 2013, 01:32 AM
Apr 2013

I thought the Socialists were so much more superior, and that they were working to improve the lives of the underpriveleged, but it seems they're just rank hypocrites.

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