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RE: LeoThread 2025-03-12 11:09

in LeoFinance7 months ago

Part 3/9:

However, the defining moment came with the inception of private foundations. These structures provided a strategic layer of protection for their fortunes under the pretext of charity. By doing so, they capitalized on two significant benefits: charitable donations are tax-free, and private foundations can hold various assets—real estate, business ventures, cryptocurrencies—while maintaining a façade of charitable intent.

The Mechanism: Understand the Legal Loophole

The crux of this strategy lies in how private foundations operate. Through them, the wealthy can shield their assets by ensuring that they don’t carry direct ownership; rather, the foundations themselves hold the title. This legal maneuvering not only avoids major taxes and disclosures but also demands limited oversight.