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by pjc50 2589 days ago
> All the money goes to actual people which are a lot easier to tax than a corporation.

Are you sure about that? Businesses are highly visible, tracked entities that have to file accounts.

It's also not unusual for the very rich to route all their activities through a business, especially political donations.

1 comments

It's much more difficult for a person to shard their lives such that they live over here for this purpose but over there for that purpose, whereas for a company of any significant size, that's fairly easy.
It requires more wealth, and it's a lot harder to do if you're a US national with their unique global income tax rule, but people absolutely do split their lives for tax purposes. It usually requires dividing your time among at least three different countries, but one of them is usually a nice warm island. e.g. http://expatandoffshore.com/blog/top-ten-tax-exiles

> In a highly interesting manoeuvre, Sir Philip [Green] manages his various businesses through a holding company - Taveta Investments. This is registered in the name of his wife Christina, a South African who resides in Monaco. The family and company thus manage to avoid tens of millions in tax.