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How is it that U.S. billionaires are able to pay so little taxes, as exposed by the June 2021 ProPublica report? One tool that the wealth advisors to the rich deploy is a dynasty trust — see this IPS Policy Brief: “Dynasty Trusts: How the Wealthy Shield Trillions from Taxation Onshore,” by Kalena Thomhave and More
The post Dynasty Trusts: a Tool for Billionaire Tax Avoidance appeared first on CounterPunch.org.
This content originally appeared on CounterPunch.org and was authored by Chuck Collins – Kalena Thomhave.