Wealth-bulletin.com - D. Pain
Financial advisers are starting to refer to their wealthiest clients as billionaire nomads -- those who globe-trot between homes to avoid direct taxes from any country.
Ultra-high net worth families have always been mobile, but the crackdown on offshore accounts is making them even more so.
A few have even taken to living on megayachts, apparently deciding that pirates on the high seas are less of a risk than dodging the remorseless embrace of tax authorities.
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