Paulson May Move To Puerto Rico To Dodge Taxes

Mar 11 2013 | 10:01am ET

Billionaire hedge fund manager John Paulson is mulling a move to Puerto Rico, which could save him hundreds of millions of dollars.

Paulson recently looked at possible residences in San Juan's exclusive Condado neighborhood, according to published reports. It's not clear whether Paulson, a lifelong New Yorker, will actually make the move, but if he did, he would be taking advantage of a year-old Puerto Rican law waiving local and federal capital gains taxes for new residents.


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