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

Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, at a press conference during the Paris auto show October 3, 2018. — Reuters pic
Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, at a press conference during the Paris auto show October 3, 2018. — Reuters pic

PARIS, Jan 10 — Carlos Ghosn, chief executive of French carmaker Renault and ex Nissan chairman, has not had his tax domicile France since 2012, opting instead for the more fiscally favourable Netherlands, French newspaper Liberation reported yesterday.

The Tokyo District Court has rejected a request by Ghosn’s lawyers to end his detention following his November 19 arrest on accusations of financial misconduct, Jiji Press reported yesterday.

Without citing its sources, Liberation reported that Ghosn had had his tax domicile in France 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-Nissan 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 yesterday that he had been wrongly accused of financial conduct. Ghosn has been formally charged with under-reporting his income. — Reuters

Source: The Malay Mail Online

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