10 Accounting Tricks the 1% Use to Keep the Taxman off their Cash

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10 Accounting Tricks the 1% Use to Dodge the TaxmanPhoto: Lhb1239

The high-profile camps of the Occupy movement may have been cleared away many months ago, but that doesn’t mean there aren’t a lot of people up in arms about the way the world’s wealth is distributed. And, if you’re one of those who are mad about the situation, the article linked to here is only going to make you madder.

The question posed is this: “What about the legal and quasi-legal tricks used by the rich to hang onto their money? It’s a sad fact that most of the methods used by the top 1% to evade the taxman are, if not moral, at least allowed within the letter of the law.”

From tax havens and shell companies to equity swaps and real-estate borrowing, here are 10 Accounting Tricks the 1% Use to Dodge the Taxman.

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