Tuesday, 23 October 2018

The $70B loophole, or: How to turn your mansion into an offshore account

In the fall of 2016, Roger Ailes was by all accounts a very wealthy man. Fox News had just pushed him out from the company he built over allegations of sexual harassment, but paid him $40 million for his troubles. So he did what many other rich retirees before him have done: he bought a house in Florida. Through a trust, Ailes paid $36 million in cash for a six-bedroom, 12,747-square-foot mansion in Palm Beach. […]



source https://therealdeal.com/2018/10/23/the-70b-loophole-or-how-to-turn-your-mansion-into-an-offshore-account/

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