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New “Income Defense Industry” To Help Super Wealthy Pay Even Fewer Taxes

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Mani
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An “income defense industry” consisting of high-priced lawyers and anti-tax activists exploits and defends a dizzying array of tax maneuvers for the very richest Americans, which are not available to taxpayers of more modest means. In an article published in the New York Times, Noam Scheiber and Patricia Cohen highlight how the super wealthy are able to quietly shape tax policy facilitating them in shielding billions of income.

Super wealthy exploited an esoteric tax loophole to save millions of taxes

The article highlights that the super wealthy have used their influence to steadily whittle away at the...

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

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