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Originally Posted by Jason14h
They do share their “wealth”
The business pays business taxes , and the individual income taxes and capital gains taxes
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It’s fairly evident that billionaires and corporations shield their income in tax shelters and avoid paying taxes where they live and operate.
Where they do pay taxes locally they lobby politicians for exemptions and loopholes.
It’s why companies have Irish subsidiaries that book the majority of overall profits.
It’s why billionaires are tax residents in Monaco, Caymen Islands or Florida, or better yet make very little income but own numbered companies worth billions that are domiciled in tax free jurisdictions and just so happen to own property and assets wherever the billionaire lives.