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.
Fine Art is Legal Tax Evasion for the Rich
Fine Art is Legal Tax Evasion for the Rich
Fine Art is Legal Tax Evasion for the Rich
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.