wealth tax

How Western States Help The Wealthy Avoid Taxes, Creditors


Law360 (July 16, 2021, 6:19 PM EDT) — Recent weeks have brought a flurry of news highlighting complex structures the ultra-wealthy use to hold assets. As attention shifts from calls for taxation of wealth to an emerging spotlight on vehicles available to shield assets from tax collectors and creditors, the growing allure of several states as asset havens is gaining recognition, and highlights the need for creditors and claimants to consider robust U.S. enforcement strategies in any asset-recovery effort.

The Most Robust Tax and Privacy Shelter Is not Offshore

On June 8, ProPublica ran an extensive expose analyzing leaked tax data of the nation’s wealthiest taxpayers.[1]

ProPublica’s computation that…

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