Billionaires Use Art for Fiscal Escape, Avoiding Taxes

Billionaires are reportedly leveraging art as a means of 'fiscal escape,' transforming wealth into untaxable forms to reduce their tax liabilities, according to a new report.

24 Mar, 10:51 — 24 Mar, 10:51

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Daily SabahMixed15d ago

Tax illusions: How billionaires turn art into a fiscal escape

There is, in the architecture of contemporary wealth, a moment when money ceases to behave like money when it sheds its crude, accountable, taxable form and is rearticulated into s...

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Billionaires Use Art for Fiscal Escape, Avoiding Taxes

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Tax illusions: How billionaires turn art into a fiscal escape

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