Infographic: 10 Tricks Of The Super Rich To Avoid Paying Taxes
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According to a 2012 report by advocacy group Tax Justice Network, the world’s super rich are believed to be hiding nearly $21 trillion in offshore tax havens, which could possibly generate between $190-$280 billion in tax revenues for nations worldwide.
But while stashing cash overseas may be a popular method by wealthy individuals to avoid taxes, it is not the only loophole exploited by the rich in order to keep their money away from the government.
According to a 2012 report by advocacy group Tax Justice Network, the world’s super rich are believed to be hiding nearly $21 trillion in offshore tax havens, which could possibly generate between $190-$280 billion in tax revenues for nations worldwide.
But while stashing cash overseas may be a popular method by wealthy individuals to avoid taxes, it is not the only loophole exploited by the rich in order to keep their money away from the government.
Check out this infographic, by TopAccountingDegrees.org, which explores the tricks adopted by the rich to avoid paying taxes, and determine for yourself if these methods are legitimate or just downright sneaky.
Related: Ultra Rich Hiding More Than $21 Trillion in Secret Tax Havens
Related: The Curse Of The Treasure Islands: How Tax Havens Are Sinking Europe’s Economy
Source: TopAccountingDegrees.org
