8 ms·

This is all a great way of describing why art works as a money laundering or tax evasion scheme.

• Maxatar 10mo ago
  Can you elaborate further on the tax evasion part? The money laundering part I can see since the value of art is subjective and volatile, but how does what OP said explain how art can be used for tax evasion?
  • deleted 10mo ago
    [deleted]
  • itronitron 10mo ago
    The artwork is then given to a museum as a charitable donation for a tax write-off, or so the story goes.
    • Maxatar 10mo ago
      Even if this were true (and it's not), that is not tax evasion.
      • fragmede 10mo ago
        It's tax avoidance. The difference between the two is one is legal and the other is not.