Sunday, February 1, 2015

Art is used for Tax avoidance and Money Laundering

From the FT:

“Whether we like it or not, art is used for tax avoidance and evasion,” Prof Roubini said. “It can be used for money laundering. You can buy something for half a million, not show a passport, and ship it. Plenty of people are using it for laundering.”

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
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