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LVMH owner Bernard Arnault, who could take €1bn hit, says proposed 2% levy ‘aims to destroy liberal economy’Europe’s richest man, the luxury goods magnate Bernard Arnault, has said that a wealth tax that could cost him more than €1bn (£817m) would be deadly for France’s economy.The French founder of LVMH Moët Hennessy Louis Vuitton said that calls for a 2% wealth tax on all assets “aims to destroy the liberal economy, the only one that works for the good of all”, in a statement to the Sunday Times. Continue reading...