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The vast majority of wealthy people who are commonly accused of not "paying their fair share" and of dodging taxes are simply structuring their financial lives
by wang_li 3y ago
The vast majority of wealthy people who are commonly accused of not "paying their fair share" and of dodging taxes are simply structuring their financial lives in ways that allow them to reduce their tax obligations. Very few are engaged in actual tax evasion and all the rest pay all the taxes they owe.
- soco 3y agoStructuring by moving their wealth to Bahamas which is indeed fully legal because they are the ones writing same laws (or golfing with the authors) - something the homeless cannot. So this legal trick allows them to fully enjoy their wealthy status locally while paying close to zero taxes. While supporting the Bahamas economy, yay I guess.