It’s no secret that many of America’s wealthiest individuals and corporations (The same thing, apparently) utilize subversive methods to cheat the system, and ultimately avoid paying all of their taxes. While some of these techniques have come under fire recently with the intensified enactment of FATCA legislation (See: FATCA Burden Proves Too Taxing on U.S. Expats ), it will likely be quite some time before the IRS sees a return on the nearly $100 billion in tax revenue that the U.S. government loses annually from individuals alone. Check out the infographic below to see how some prominent corporations, wealthy individuals, and even average citizens “hack” their taxes, and be sure to let us know your thoughts in the comments below!
- IRS Opens Online FATCA Registration System (taxintelligence.wordpress.com)
- Caymans Accord Makes It Tougher for Wealthy to Hide Money (bloomberg.com)
- FFATCA: What is it and how will it affect investment taxation for US citizens? (taxhavenguru.wordpress.com)
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