How Western States Assist the Rich Keep away from Taxes and Collectors

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Law360 (Jul 16, 2021, 6:19 p.m. EDT) – The past few weeks have brought a flurry of news highlighting complex structures that ultra-rich wealth use to hold assets. As attention shifts from asset taxation demands to an emerging focus on tools available to protect assets from tax collectors and creditors, the growing appeal of several states as investment havens is gaining recognition and underscoring the need for creditors and beneficiaries to robust US enforcement strategies in all asset recovery operations.

The most robust tax and privacy protection is not offshore

On June 8, ProPublica published an extensive exposé analyzing leaked tax data from the country’s richest taxpayers.[1]

ProPublica’s calculation that …

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