{"id":34397,"date":"2013-03-15T11:39:10","date_gmt":"2013-03-15T15:39:10","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=34397"},"modified":"2013-03-15T11:39:10","modified_gmt":"2013-03-15T15:39:10","slug":"hedge-fund-giant-paulson-no-plans-to-flee-to-puerto-rico","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2013\/hedge-fund-giant-paulson-no-plans-to-flee-to-puerto-rico.html","title":{"rendered":"Hedge Fund Giant Paulson: &#8216;No Plans&#8217; to Flee to Puerto Rico"},"content":{"rendered":"<p>Fox Business News &#8211; In the wake of reports indicating he may flee New York for tax purposes, billionaire hedge fund titan John Paulson on Friday said he has \u201cno plans\u201d to relocate to Puerto Rico.<\/p>\n<p>In a statement, the president of hedge fund Paulson &#038; Co. said that while he \u201chas considered real estate investments and has vacationed on\u201d the island, Paulson has \u201cno plans to establish a permanent residence there.\u201d<\/p>\n<p>The announcement comes after Bloomberg News reported earlier this week that the lifelong New Yorker is exploring a move to Puerto Rico, where a new law would eliminate taxes on gains from the $9.5 billion he has invested in his own funds.<\/p>\n<p>The new law allows residents of Puerto Rico to pay no local or federal taxes on capital gains, compared with marginal tax rates in New York that can exceed 50% of ordinary income.<\/p>\n<p>The report noted that Paulson &#038; Co. would remain headquartered in New York and that Paulson hadn\u2019t made a final decision yet.<\/p>\n<p><a href=\"http:\/\/www.foxbusiness.com\/business-leaders\/2013\/03\/15\/hedge-fund-giant-paulson-no-plans-to-flee-to-puerto-rico\/#ixzz2Nci1uerC\">Read Complete Story<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fox Business News &#8211; In the wake of reports indicating he may flee New York for tax purposes, billionaire hedge fund titan John Paulson on Friday said he has \u201cno plans\u201d to relocate to Puerto Rico. In a statement, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-34397","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=34397"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34397\/revisions"}],"predecessor-version":[{"id":34402,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34397\/revisions\/34402"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=34397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=34397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=34397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}