4 ms·
A lot of tax avoidance is legal (Tony Blair example: there's stamp duty (transaction tax) on real estate in the UK, but no stamp duty on transactions involving
by tomp 5y ago
A lot of tax avoidance is legal (Tony Blair example: there's stamp duty (transaction tax) on real estate in the UK, but no stamp duty on transactions involving companies that own UK real estate).
But my prior is, that if the public knew about it (in general "these are the ways the elites use to pay less tax than you", as well as specifically "this career public official actually amassed $100m wealth on $100k salary"), the laws would change (e.g. introduction of wealth tax, or equalization of capital and labour taxes).