Monday, March 11, 2013

Another day, another billionaire dodging taxes




Welcome to Puerto Rico, newly laundered billionaires!

Well, the signs or the brochures really don't read like that, of course.

But, this is what it looks like for hedge fund operator John "Dodger" Paulson.

Bloomberg reports that John Paulson "is exploring a move to Puerto Rico, where a new law would eliminate taxes on gains from the $9.5 billion he has invested in his own hedge funds, according to four people who have spoken to him about a possible relocation."