Quote Originally Posted by Montmorency View Post
To slide in before the Truce, just let me raise one oversight: the estate tax.

I don't know how this sort of tax is instantiated elsewhere, but in the United States it seems the American estate tax is one which principals can substantially evade through tricks, loopholes, and asset structuring.

https://www.finance.senate.gov/imo/m...r%20FINAL1.pdf
https://www.nbcnews.com/business/tax...lected-n457236
https://www.cbpp.org/research/federa...ral-estate-tax
http://www.taxpolicycenter.org/brief...pay-estate-tax

Links above suggest something less than a majority of potential liability evaded, but I recall once reading a piece that described how estates worth billions in taxable assets could be manipulated by decedents and relatives to somehow yield tens of millions in revenue upon taxation.

Something to look into re: Britain.
Holding assets in an offshore Foundation seems to be the best option. Ideally with wholly owned subsidiary companies to have key assets to enable share trading and divesting of assets if you want to do so. A few thousand a year to run and takes about 3 days to set up.

Thanks for the numbers. Often I've been told that adequate taxing would balance the books on the welfare state and to be honest I've never thoroughly looked into it.