4 ms·

Because you should know better? These kind of deals are totally shady anyway and some alarms should go off in your head. Claiming ignorance just makes you look

• charlesdm 10y ago
  Then you don't know too many wealthy people. :) There are plenty that manage to achieve very, very low total tax rates. (i.e. <5%)
  • Kadin 10y ago
    And they presumably know they're taking a risk, depending on exactly what strategies they're doing to do that, and where the income originates. People who get too clever with that sort of thing are why there are Federal prisons with golf courses.
    • charlesdm 10y ago
      Not really. We're talking avoidance, not evasion. But that's me speaking, from an EU perspective. If you don't break any laws, there's no way you'll end up in jail. Maybe it's different in the US.
      • deong 10y ago
        That's the point -- one way to commit tax evasion is to get a little bit too creative with your tax avoidance.