3 ms·

If you are wealthy and have a lot of holdings, create an offshore company and move all your wealth to it, then just get a company credit card. All your wealth a

• baursak 9y ago
  If you're an owner of an asset, and your primary residence is in the country of wealth taxation, you pay a wealth tax on the value of that asset, no matter where that asset is located. Another problem though is valuation of that asset. There will be huge incentives to show lower valuations, but that's already a case for things like real-estate property taxes, and somehow the system still works.