Topic: John Christensen
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L'Oréal trial: heiress Bettencourt's tax shelters, gifts alienate belt-tightening French
The trial of a photographer charged with trying to defraud L'Oréal heiress Liliane Bettencourt started today, but was suspended to examine secretly made tapes in which Bettencourt discussed tax shelters with an adviser. Disaffection with elite privileges is rising in France.
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Tax havens: Can promises to shut them down be believed?
G-20 nations pledge to address this subject at meeting in London next month. Analysts are skeptical.
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In Europe, widening probe targets tax haven
Some 10 countries are investigating suspects, including the US, which estimates that it loses up to $100 billion a year in unpaid taxes.
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