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4 Nov 2022, 7:56 am by OTy9gYz
Yet, lawyers and investors soon began exploiting another legal dimension of the tax exemption: that the amount of time an article could be “in transit” was unlimited.[9] Thus, is born the “luxury freeport”, a tax-exempted warehouse where substitute assets like art, precious raw materials, jewelry, and vintage alcohol can be stored and traded indefinitely while appreciating in value.[10] Permanent storage facilities like the Geneva, Luxembourg, and Singapore freeports… [read post]