France's former budget minister waived IHT for party donor, newspaper claims

05 August 2010

 

French newspaper Liberation has published a letter allegedly written by former budget minister Eric Woerth to one of his party's biggest donors, granting exemption from paying inheritance taxes.

The letter was sent in 2008 to Alain-Dominique Perrin, who was executor for the estate of the sculptor Cesar Baldaccini. The French tax authorities had conducted an audit on the estate accounts and ordered Perrin to pay an extra Euro27 million of inheritance taxes on some artefacts that were missing from the estate inventory, according to Liberation. The Woerth letter appears to rescind these demands.

Woerth has already resigned from his position as UMP party treasurer as a result of the L'Oreal/Bettencourt affair, in which his wife acted as a wealth adviser for Liliane Bettencourt.

All parties deny any wrongdoing.

 

Sources

Liberation (in French)

Bloomberg

Telegraph


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