I read this pretty fascinating article in the WSJ about schemes the rich engage in to avoid taxes: https://www.wsj.com/articles/taxes-malta-pension-plan-1162941

I read this pretty fascinating article in the WSJ about schemes the rich engage in to avoid taxes: https://www.wsj.com/articles/taxes-malta-pension-plan-11629418826 https://www.wsj.com/articles/taxes-malta-pension-plan-116294... In short, those who partake in such maneuvers may have to spend several million in legal fees, but it may be worth it to avoid even larger tax bills.