Keyword: Valais

Singer Charles Aznavour's complex legal set-up to reduce his French tax bill

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Charles Aznavour in Hollywood on August 24th, 2017, as his star is unveiled on the 'Walk of Fame'. © Reuters Charles Aznavour in Hollywood on August 24th, 2017, as his star is unveiled on the 'Walk of Fame'. © Reuters

In 2007 the famous French singer Charles Aznavour set up a holding company in Luxembourg to receive the dividends he gets from French companies that handle his royalties. More recently members of his family also became involved in this perfectly legal set-up. The result is that this veteran French entertainer, who is resident in Switzerland, and some of his family now pay little tax in France on the proceeds from his music. Romaric Godin reports.