Sarkozy to become a non-dom?

Politicians have taken every opportunity in recent years to lecture the public on the morality of tax avoidance, and French politicians have been amongst the most vociferous of those calling for an end to the perceived abuses perpetrated by tax havens.  It was therefore with a wry smile that I read today that a computer search by French police investigating corruption allegations against Nicolas Sarkozy, the former French President, revealed that he is preparing to move to London to set up a huge investment fund.  By hopping across the Channel he will be able to avail himself of the UK’s generous non-dom regime and avoid a potential top tax rate of 75 per cent in his home country. 

Leona Helmsley once famously said that “Only the little people pay taxes”.  Mr Sarkozy, it seems, is determined to prove her wrong........and right, at the same time.