Qatar's expanding tax-free property empire in France


Qatar now owns an estimated 6.3bln euros-worth of property in France, encouraged by a controversial deal that offered it tax-free profits from sales.

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In 2008, Qatar secured a particularly generous deal from the French government of Nicolas Sarkozy to pay no taxes on profits from sales of property it owns, prompting it to buy more but often through opaque financial structures that in some cases render it almost impossible to track who owns what, reports Reuters in this in-depth investigation into Qatari investment in real estate in France.