BAKER NOTABLE
Anons DiGG on this dude….
Friend of billionaire who pledged €100m to Notre Dame says donations should be 90% tax deductible
Close friend of billionaire mogul who pledged €100m to restore Notre Dame says the donations should be 90% tax deductible – which would land French public with almost all the bill
Jean-Jacques Aillagon, culture minister under Jacques Chirac, called for the change
A close confidant of the French billionaire who pledged €100 million towards the restoration of Notre Dame has called for such donations to be 90 per cent tax deductible.
Former French culture minister Jean-Jacques Aillagon made the suggestion before the flames in the cathedral had been extinguished.
His suggestion came as his close friend François-Henri Pinault, who owns the firm behind Gucci and Yves Saint Laurent and is married to Salma Hayek, pledged the nine-figure sum to help 'completely rebuild' the Gothic monument.
Mr Aillagon has long been a close advisor of Mr Pinault's and now manages the Pinault Collection, the Pinault family's vast art collection.
Were the government to enact the policy, French taxpayers rather than the wealthy donors would foot most of the bill for repairs.
Ninety per cent of the sum donated would be taken off the wealthy individual's tax bill, leaving the Exchequer significantly out of pocket and needing to make up the shortfall from general taxation or by cutting spending.
https://www.dailymail.co.uk/news/article-6925139/Friend-billionaire-pledged-100m-Notre-Dame-says-donations-90-tax-deductible.html