Tax avoidance

10 Accounting Tricks the 1% Use to Dodge the Taxman

It’s not a good time to be rich. Currently, the world of finance is going through more scandals than British comedian Jimmy Carr has one-liners (but more on him later). And everywhere you look, there’s illegal shifting, trading and sharing of information between the wealthy.

But what about the legal and quasi-legal tricks used by the rich to hang onto their money? It’s a sad fact that most of the methods used by the top 1% to evade the taxman are, if not moral, at least allowed within the letter of the law. Hold onto your purse strings as we list the 10 dirtiest accounting tricks the rich use to keep their cash.