Photo Gallery: Warehouses Become the New Tax Havens
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Photo Gallery: Warehouses Become the New Tax Havens

(Sm)art Investing Rich Move Assets from Banks to Warehouses

To avoid paying taxes, the rich are emptying their bank accounts in Switzerland and investing in art. This has spawned a new business of storing such works tax- and duty-free in warehouses across the world.
Translated from the German by Christopher Sultan