Former French president Nicolas Sarkozy is moving to London to avoid France's high taxes, according to a report in the British Daily Mail. The move would mean that Sarkozy, along with his wife, Carla Bruni, would avoid France's top tax rate of 75 percent.
Nicolas Sarkozy is preparing to move to London to set up a billion pounds plus investment fund," reports the Mail. "If the move goes ahead, the controversial Frenchman will become the latest to escape a potential top tax rate of 75 per cent in his home country. He and his former supermodel third wife Carla Bruni-Sarkozy would be likely to settle in an affluent district like South Kensington – so becoming the most high profile Gallic celebrity couple in the city."
But the Mail suggests, in the end, this move might not happen. "But the former president is under investigation for corruption in France, and if he does cross the Channel there will be outrage. Details of the planned move were uncovered during a raid by fraud police on Sarkozy’s Paris mansion last June. It came within weeks of Mr Sarkozy losing his immunity against prosecution after being defeated by Socialist rival Francois Hollande in the May presidential election."