Fine Art is Legal Tax Evasion for the Rich

Fine Art is Legal Tax Evasion for the Rich

Geraint Clarke

I was watching Christopher Nolan's TENET and the concept of a freeport was introduced to me.

A legally ambiguous 'no man's land' for storing assets, tax-free.

These freeports are very real and the rich use them all of the time to evade taxes - legally.  

Here's how it works: