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There’s the country of America, which you have to defend, but there’s also the idea of America.  America is more than just a country, it’s an idea.  An idea that’s supposed to be contagious.”
— Bono (1960– )
 Oprah Winfrey Show, 2002

Hedge Fund Billionaire John Paulson Not Defecting To Puerto Rico To Dodge Taxes

Reuters

Closely-followed billionaire sidestep account manager John Paulson‘s organisation expelled a matter that he has no goal to immigrate to Puerto Rico to equivocate 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. 


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