For the Wealthiest, a Private Tax System That Saves Them Billions
Photo WASHINGTON — The hedge fund magnates Daniel S. Loeb, Louis Moore Bacon and have much in common. They have managed billions of dollars in capital, earning vast fortunes. They have invested large sums in art — and millions more in political candidates. Moreover, each has exploited an esoteric tax loophole that saved them millions in taxes. With inequality at its highest levels in nearly a century and public debate rising over whether the government should respond to it through higher taxes on the wealthy, the very richest Americans have financed a sophisticated and astonishingly effective apparatus for shielding their fortunes. In recent years, this apparatus has become one of the most powerful avenues of influence for wealthy Americans of all political stripes, including Mr. All are among a small group providing much of the early cash for the 2016 presidential campaign. The impact on their own fortunes has been stark. Mr. Continue reading the main story The Family Office Mr. From Mr.
Related: Evasion fiscale
• Les "riches" et ultra-riches
• class warfare