Francois Hollande
  • Bernard Arnault — the richest man in Europe — has ignited an uproar in France over taxes, citizenship, patriotism and what policies the government needs to promote growth.

    In this Feb. 5, 2009 file photo, Bernard Arnault. Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, the Paris-based luxury goods empire, presents the group's 2008 results in Paris. La Libre Belgique newspaper reported Saturday Sept.8, 2012 that Arnault's citizenship application was confirmed by the head of Belgium's naturalization office. French media drew a connection to French President Francois Hollande's plan to raise the tax rate on France's highest earners to 75 percent.
    LAST UPDATE : Dec 06, 2012, 9:00 PM EST
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  • In this Feb. 5, 2009 file photo, Bernard Arnault. Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, the Paris-based luxury goods empire, presents the group's 2008 results in Paris.

    France's richest man, Bernard Arnault — the CEO of luxury giant LVMH, which includes Christian Dior and Louis Vuitton — has confirmed reports that he is seeking Belgian citizenship.

    LAST UPDATE : Dec 06, 2012, 7:00 PM EST
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  • Companies that hire a person between 16 and 25 for at least a year will only have to pay as little as 25 percent of the salary.

    LAST UPDATE : Dec 05, 2012, 6:30 PM EST
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