Hedge Fund Billionaire John Paulson Not Defecting To Puerto Rico To Dodge Taxes
NEW YORK, Mar 15, 2013 /PRNewswire around COMTEX/ — John Paulson, President of Paulson Co. currently announced that, in light of a media courtesy surrounding a relocation to Puerto Rico, he has no plans to pierce to Puerto Rico. While Mr. Paulson has deliberate genuine estate investments and has vacationed on a Island, he has no plans to settle a permanent chateau there.
Earlier this week, Bloomberg News reported that Paulson, who famously gamble opposite a subprime housing market,
The new law, , incentivizes people to turn residents of Puerto Rico by exempting them from income taxation on their seductiveness and division income and certain prolonged tenure collateral gains from a sale or sell of securities.
So far, 10 rich people, including some sidestep funders, have taken advantage of a new law, Bloomberg reported.