5 points | by NoboruWataya 6 hours ago ago
3 comments
Wildest article I've read in a while.
Tax avoidance is minimising tax the legal way, so nothing to see here, especially since this inventive scheme seems indeed perfectly legal if properly structured.
An interesting yarn, though the "most brazen" bit is hype.
The obvious fixes might require competent lawmakers and regulators, so don't hold your breath.
(From a quick search, the UK tried land value taxes about a century ago - it didn't end well.)
Wildest article I've read in a while.
Tax avoidance is minimising tax the legal way, so nothing to see here, especially since this inventive scheme seems indeed perfectly legal if properly structured.
An interesting yarn, though the "most brazen" bit is hype.
The obvious fixes might require competent lawmakers and regulators, so don't hold your breath.
(From a quick search, the UK tried land value taxes about a century ago - it didn't end well.)