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The leaked tapes that show how the rich avoid taxes
Published 1 month, 3 weeks ago
Description
Tax avoidance -- that is, legally reducing your tax bill -- is as American as apple pie. But the line between tax avoidance and tax evasion is often a grey one.
On today’s show, a collaboration with Tax Notes, we listen in on the secret tapes that show how the wealthiest Americans avoid taxes.
We trace the lifecycle of a tax loophole: how it was born (in Malta), how it grew, how the Feds cracked down, and how the industry came to its rescue -- with the help of one high-ranking Trump administration official.
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Read:
On today’s show, a collaboration with Tax Notes, we listen in on the secret tapes that show how the wealthiest Americans avoid taxes.
We trace the lifecycle of a tax loophole: how it was born (in Malta), how it grew, how the Feds cracked down, and how the industry came to its rescue -- with the help of one high-ranking Trump administration official.
Support:
Read:
- Our book: Planet Money: A Guide to the Economic Forces That Shape Your Life
- Our weekly longform Planet Money newsletter
- Our weekly Indicator round-up newsletter
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