France’s Pinault household: is not going to search tax breaks on Notre Dame donation

PARIS, April 17 (Reuters) – The household of French billionaire businessman Francois-Henri Pinault stated it might not be searching for any tax breaks relating to its 100 million euros ($113 million) donation for restore work to the town’s broken Notre-Dame Cathedral.

Earlier this week, Pinault had made the pledge alongside different prime French enterprise leaders and corporations. Donors have up to now pledged greater than 700 million euros to rebuild Notre-Dame.

Charitable donations in France usually profit from a greater than 60 p.c deduction in opposition to tax.

$1 = 0.8837 euros
Reporting by Pascale Denis;
Modifying by Luke Baker/Sudip Kar-Gupta

Author: Maxwell C.

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