Billionaire Paulson May Move to Puerto Rico for Tax Break
Paulson considers moving to the island for a tax break
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March 15: Updates with a statement from Paulson & Co.
On March 15, Paulson said he won’t set up a permanent residence in Puerto Rico. “In light of media attention surrounding a relocation to Puerto Rico, he has no plans to move to Puerto Rico,” Paulson & Co., his hedge fund, said in a statement. “While Mr. Paulson has considered real estate investments and has vacationed on the island, he has no plans to establish a permanent residence there.”