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If you believe in market rates, the cost of protecting large assets from taxes will be very slightly less than the cost of paying those taxes. Or actually it s
by teamonkey 3y ago
If you believe in market rates, the cost of protecting large assets from taxes will be very slightly less than the cost of paying those taxes.
Or actually it should cost somewhat more, if you think that holding on to those assets has significantly more utility to you than paying tax.
- badcppdev 3y agoI don't believe that market rates are applicable in all of these situations. I think that the super rich benefit from economies of scale which means that they spend £X on accountants and benefit £1000X
- michaelt 3y agoNot if there's more than one supplier of tax avoidance services. The Cayman Islands, Bermuda, and the British Virgin Islands all have to compete against one another, after all.