Tax avoidance: focus may move from companies to individuals

Monaco, where businessman Michael Smurfit and his son, the Smurfit Kappa chief executive Tony Smurfit, are both residentshas a reputation for enjoying the finer things in life. He may not specifically cultivate such renown but he does little to dispel it.

His excesses, such as the midnight jaunts with models on private jets to Morocco, suit a specific and simplistic public view of the man – that of the unrestrained playboy. Ronan is more than that and even his enemies in business will attest to his skills as a developer of commercial buildings. It should not be seen as sycophantic to acknowledge that there are few at his game who are at his level.

France Dernières Nouvelles, France Actualités

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