Thursday, 7 October 2010

Desirable Invisibility

Back to the bankers tangentially – the challenge of having lots of serious money is to make it disappear. If it's in a bank, or stocks & shares, or bonds or whatever, the taxman can see the gains easily. The trick is to move it into assets which will gain in value to beat inflation, at the very least, without showing up on the taxman's radar.

Of course, the trick lies in avoiding the shoals of rip-off merchants looking for a rich mug and finding safe havens to stash your alternative to cash. My master plan is to be able to croak with peanuts left visible, and leave the taxman saying, "Hey, that guy had the best part of a hundred million quid. Where's it all gone?" But no one who knows will tell him because the taxman is on everyone's Far Queue list!

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