The leaked tapes that show how the rich avoid taxes
Leaked tapes reveal how wealthy Americans legally avoid paying taxes, highlighting the fine line between tax avoidance and tax evasion. The report traces the origins of a specific tax loophole and its evolution over time, including government crackdowns and industry responses. This investigation sheds light on the complexities of tax legislation and enforcement in the United States.
- ▪The tapes illustrate the methods used by the rich to minimize their tax liabilities.
- ▪The discussion includes the history of a tax loophole that originated in Malta.
- ▪The involvement of a high-ranking Trump administration official in aiding the tax avoidance industry is noted.
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Planet Money NPR Planet Money LISTEN & FOLLOW NPR App Apple Podcasts Spotify Amazon Music iHeart Radio YouTube Music RSS link The leaked tapes that show how the rich avoid taxes May 27, 20263:00 AM ET By Nick Fountain , Lauren Loricchio , Marianne McCune , Luis Gallo , Emma Peaslee The leaked tapes that show how the rich avoid taxes Listen · 26:19 26:19 Toggle more options Download Embed Embed <iframe src="https://www.npr.org/player/embed/nx-s1-5835164/nx-s1-mx-5835164-1" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player"> VIRGINIE LEFOUR/AFP via Getty Images Tax avoidance -- that is, legally reducing your tax bill -- is as American as apple pie. But the line between tax avoidance and tax evasion is often a grey one.
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