Extremely wealthy people have a tax-shell liability-shielded offshore trust operating company buy things for their benefit using leveraged debt secured on junk

Extremely wealthy people have a tax-shell liability-shielded offshore trust operating company buy things for their benefit using leveraged debt secured on junk assets. In the rare case where for some compliance reason they must have a more direct link to the asset, they’ll transfer the item to a holding entity (in which they have indirect but controlling interest) and then lease it back. If the unthinkable occurs and a very wealthy person commits to actually buying something directly themselves by mistake, they (or rather, their staff) will demand delivery before payment and then either stiff you on the bill or pay at most 70% of it, six to eighteen months later. These are practices established centuries ago by the British aristocracy and remain alive today.