4 ms·
art fakes are also a tax dodge. must have the piece in a museum share for a set % of time, in a freeport, etc. Was a great storyline on this in the recent half
by dillondoyle 6y ago
art fakes are also a tax dodge. must have the piece in a museum share for a set % of time, in a freeport, etc.
Was a great storyline on this in the recent half season of Billions!
The billionaire keeps the real ones at his house & the fakes in a freeport (probably happens in real life a lot of Billions story lines are based in real world gossip - e.g. BDSM Schneiderman)
In a funny scene prosecutor Chuck finds out and 'spills' wine on the real Van Gough and Bobby the billionaire has a epic grimace
the end solution was the billionaire brought in the works by stealth helicopter at night then opened a new non-profit museum for fake art in his apartment to get the tax deduction. totally unreasonable and pointless but an entertaining show.