3 ms·

isn't Luxembourg a notorious tax haven? more like people there get a lot in return for other people taxes...

• dathinab 3y ago
  for companies it's a tax haven for private people it isn't except it is because if you have a very high amount of money you can do all kind of tricks to reduce you personal income (on which you pay high tax) without actually losing out on much, e.g. by having a company have this income instead of you, and you just happen to have 100% control of the company ;=) for money you spend on private exp-endures of luxury there is often a limit on how much you can trick around so you still have to pay yourself out a not so small amount of money as income and in turn Luxembourg still get a nice amount of tax. (Edit: Legal tax avoidance of very wealthy people, works roughly like this pretty much everywhere, not just Luxembourg.)