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A comment on Tax Evasion at the Top of the Income Distribution: Theory and Evidence [pdf]. Parent comment

Re:Tax Evasion at the Top of the Income Distribution: Theory... by oceanplexian on Saturday April 01, 2023 @07:57PM (#35405525)
What about land that’s owned by a trust in another country? Land is extremely easy and reliable way to hide money, that’s why wealthy Chinese are so well known for buying up property in the US and Canada.
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Re:Tax Evasion at the Top of the Income Distribution: Theory... by nkurz on Saturday April 01, 2023 @08:06PM (#35405589)
The land records are held by a local authority who charges a taxes on the land. If the taxes aren't being paid, the land is sold at auction, and the new owner is responsible for the back taxes. Even if you don't always know exactly who is behind a given trust, you can always collect the taxes or reclaim the land. The wealth may be hidden from the Chinese government, and the local authority may not be certain who the owner actually is, but tax evasion is avoided.
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Re:Tax Evasion at the Top of the Income Distribution: Theory... by rexpop on Saturday April 01, 2023 @08:03PM (#35405562)
What is the point of the Westphalian Nation-state if land within its borders can be owned in trust by foreign nation[al]s?
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Re:Tax Evasion at the Top of the Income Distribution: Theory... by toyg on Sunday April 02, 2023 @06:05AM (#35408958)
That's why the Westphalian nation-state is in a state of permanent crisis: unbridled globalization broke it.
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