I mean… If they’re forced to game the system so they stay just below the “rich” threshold all that extra money has to go somewhere besides their pocket.
You don’t fuck with the tax man. They got Al Capone, they’ll get you, and they’ll get the billionaires, if the laws are right and there’s enough funding to investigate ownership structures of large companies, and the relationships between different major shareholders.
Plus I don’t think anyone has hundreds of family members to hide away hundreds of billions.
Besides, you’d have to divide it before the company gets large enough for it to matter. If your company is worth 800 mill and you’re the only shareholder, selling off half to anyone for anything significantly less than the perceived value of the company, would be investigated as potential tax evasion.
I think a lot of people forget that tax authorities are supposed to look for these cases of hiding wealth. In many civilized countries, they do it for real.
I mean… If they’re forced to game the system so they stay just below the “rich” threshold all that extra money has to go somewhere besides their pocket.
Yeah, it’ll go to their friends and family.
You don’t fuck with the tax man. They got Al Capone, they’ll get you, and they’ll get the billionaires, if the laws are right and there’s enough funding to investigate ownership structures of large companies, and the relationships between different major shareholders.
Plus I don’t think anyone has hundreds of family members to hide away hundreds of billions.
Besides, you’d have to divide it before the company gets large enough for it to matter. If your company is worth 800 mill and you’re the only shareholder, selling off half to anyone for anything significantly less than the perceived value of the company, would be investigated as potential tax evasion.
I think a lot of people forget that tax authorities are supposed to look for these cases of hiding wealth. In many civilized countries, they do it for real.