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A comment on Why Billionaires Don't Pay Property Taxes in New York. Parent comment

Re:Why Billionaires Don't Pay Property Taxes in New York by iyn on Tuesday May 12, 2015 @03:47PM (#9534381) 

    They are money laundering/tax shelter vehicles for the uber-rich, especially foreigners
Can someone elaborate? I don't know anything about such things and I'm curious how it works.
[ Parent | on HN ]
Re:Why Billionaires Don't Pay Property Taxes in New York by hobo_mark on Tuesday May 12, 2015 @03:58PM (#9534437)
http://www.occupy.com/article/new-york-real-estate-new-swiss...

or the TLDR version

http://www.occupy.com/sites/default/files/medialibrary/globa...

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Re:Why Billionaires Don't Pay Property Taxes in New York by sogen on Tuesday May 12, 2015 @06:24PM (#9535398)
lots of mexican politicians use this scheme...
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