I am highly sceptical of this accounting. Many properties, in say, London, are owned through shell corporations in secretive jurisdictions. My landlord is in a

I am highly sceptical of this accounting. Many properties, in say, London, are owned through shell corporations in secretive jurisdictions. My landlord is in a tax heaven. It's a corporation and there is no way for me to know who own it! What if I am paying rent to a war criminal? How do they account for this? But let's look at a simpler situation - say you own a company, company let's out apartments, the rent is used to buy new apartments -> if you time purchases of new property well, there is never a profit to tax, corporation tax is zero. If I never take money out, but just grow my net worth, then my personal tax is zero too. So my net worth can keep growing forever, without ever paying tax. You only ever pay tax on the small amount of money you take out of the company for living expenses, like food.