Royalties from thousands of song classics tucked away tax-free


Rummaging through the records of offshore havens turns up a fairly predictable list of assets — real estate, cash, multinational companies shifting earnings to low tax jurisdictions, hidden masterpieces by Picasso and other artists, antique cars, yachts and planes. They’re there for the same reason as other assets — tax advantages. Skipping taxes helps increase earnings from intellectual property — patents, copyrights, trademarks and trade secrets  — as well as other holdings.


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