Offshore tax havens used by individuals and corporations cost governments trillions of dollars annually. Economists estimate that individuals have stashed anywhere from $8.7 trillion to $36 trillion in tax shelters around the world. But not all of the tax reduction tactics favored by the rich involve offshore accounts in the Cayman Islands or Bermuda. There's a variety of places the rich hide money to lower their tax burden and shelter income, many quite straightforward.
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