PARIS (AP) ? The tycoon stakeholder of French newspaper Liberation is defending his paper's stinging criticism of another tycoon: Europe's richest man, Bernard Arnault, who is seeking citizenship in Belgium, where taxes are lower.
Edouard de Rothschild said his paper's controversial headline Monday that told Arnault ? who's worth an estimated $41 billion ? to "Get lost, rich jerk" amounted to a "beautiful marketing operation."
It's thought that Arnault ?the CEO of fashion giant LVMH ? is trying to dodge the Socialist government's planned 75 percent tax on the highest earners ? a charge he vehemently denies. Arnault is suing the paper for "public injury."
In a jibe, Rothschild said he would pay French taxes "wholeheartedly."
The newspaper plastered its Tuesday edition with ads for a top LVMH rival, fashion house YSL.
Source: http://news.yahoo.com/french-tycoons-war-words-over-rich-tax-110410851.html
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