Paulson Won't Move To Puerto Rico

Mar 15 2013 | 1:10pm ET

Paulson & Co. founder John Paulson moved to stamp out rumors that he was considering a move to Puerto Rico to save money on taxes.

Paulson's hedge fund released a statement denying media reports that he might move to the U.S. territory to take advantage of a year-old law waiving local and federal capital gains taxes for new residents.


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