3 ms·

Can you elaborate further on the tax evasion part? The money laundering part I can see since the value of art is subjective and volatile, but how does what OP s

by Maxatar 11mo ago

Can you elaborate further on the tax evasion part? The money laundering part I can see since the value of art is subjective and volatile, but how does what OP said explain how art can be used for tax evasion?

deleted 11mo ago
[deleted]
itronitron 11mo ago
The artwork is then given to a museum as a charitable donation for a tax write-off, or so the story goes.
- Maxatar 11mo ago
  Even if this were true (and it's not), that is not tax evasion.
  - fragmede 11mo ago
    It's tax avoidance. The difference between the two is one is legal and the other is not.