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Renault's CEO moved tax domicile to Netherlands in 2012 - paper

Reuters  |  PARIS 

(Reuters) - Carlos Ghosn, of French carmaker and ex chairman, has not had his tax since 2012, opting instead for the more fiscally favourable Netherlands, French newspaper Liberation reported on Wednesday.

The has rejected a request by Ghosn's lawyers to end his detention following his Nov. 19 arrest on accusations of financial misconduct, reported on Wednesday.

Without citing its sources, Liberation reported that Ghosn had had his tax domicile in until 2012 and was subject to the country's wealth tax.

Ghosn then moved his tax domicile to the Netherlands, where the holding company for the Renault-alliance is incorporated and which does not have a wealth tax, the daily said.

Liberation said French fiscal authorities declined to comment on Ghosn's case as it was a "tax secret", as is their policy on individuals' tax situations.

In his first public appearance since his arrest, Ghosn told a Tokyo court on Tuesday that he had been wrongly accused of financial conduct. Ghosn has been formally charged with under-reporting his income.

(Reporting by and Leigh Thomas; Editing by Jan Harvey)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 10 2019. 02:47 IST
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