John Paulson: I'm Not Moving to Puerto Rico

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John Pauslon Considers Moving to Tax Haven Puerto Rico

March 11, 2013 8:03 AM EDT

Hedge fund titan John Paulson is exploring moving to Puerto Rico due to its advantageous tax rates on capital gains, according to new reports from Bloomberg.

A year-long Puerto Rican law lets new residents pay no local or U.S. federal taxes on capital gains and has promoted at least ten wealthy Americans to... More