Of course it is. In many countries there is tax on liquid assets. Thats why these people buy art, cars etc. Things the tax authority cannot easily identify. Its

Of course it is. In many countries there is tax on liquid assets. Thats why these people buy art, cars etc. Things the tax authority cannot easily identify. Its also easy to transport these goods to another country. Its easy to change the value temporarily so you can move funds arround very easily. I know some people doing it and storing their stuff in Dubai. Tax evasion is number one reason.