Fine Art: the world’s most secret tax scam

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How fine art is used to evade taxes, and how the fine art market is a scam. In this video, I’m uncovering one of the least well known things in the global tax evasion scene: how fine art is used by people to evade taxes.

You might think that whenever you hear of some painting selling for a ridiculous amount of money, that it’s just a collector wanting to buy something nice for their wall. And yes, sometimes it is… but sometimes, it’s an elaborate scheme used to dodge taxes in a big way.

Fine art has been used for a long time to manipulate the way the ultra-rich pay tax, hide their money, as well as even launder cash. And hopefully, I’m going to reveal a little of that to you in this video.

I’d love to hear your thoughts below!

0:00 – One of the most manipulated industries on Earth
0:31 – A quick disclaimer
1:27 – How art is used to evade taxes
2:02 – Find yourself an artist
2:43 – Promote the artist
3:58 – Skillshare insert
4:58 – Appraising your new art
5:57 – Donate your art for a tax break
7:03 – The big club of the art world
8:37 – How freeports are used to evade tax
10:26 – Final thoughts

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Sorelle and Leon.
Founders, Abundantia

Liability Disclaimer:
*We may earn a commission if you buy any products or services via the links in this video’s description. This video is not investment, financial, or legal advice. It may be incorrect, outdated, inaccurate, or reflect personal opinions. This video is for entertainment purposes only.

This video was sponsored by Skillshare.

#FineArt #Taxes #ArtEconomics