Re:Who Owns England?
by arethuza on Wednesday May 24, 2017 @03:37AM
(#14408173)
The trick seems to be to have a shell company that owns the property and then buy and sell the company rather than the property - the Panama Papers are full of these kinds of shenanigans.
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... or buy and sell options on that stock, so no actual change in ownership at all, (company or property) but rather just an exchange of contracts and obligations with a somewhat remote (and hard-to-prove) relationship with anything even remotely taxable.
Here's an example of that kind of shell company trickery:
Re:Who Owns England?
by mistermann on Wednesday May 24, 2017 @09:49AM
(#14409957)
Yes, and I believe this avoids a large tax as well. Our politicians have completely failed us, but so many people are getting so rich they don't care.