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There’s being “allowed” and then there’s being “taxed”
While it’s probably not that main stream in us politics, the US is one to the few places one of the largest hedge funds gets to operate tax free because it’s owned by the LDS; and I’m pretty sure they just get picked on because they’re “cult-y”. Catholic Churches have massive investment accounts, most denominations will have something large.
And then there’s the Bill Gates fund that is a giant tax shelter….
There’s being “allowed” and then there’s being “taxed”
While it’s probably not that main stream in us politics, the US is one to the few places one of the largest hedge funds gets to operate tax free because it’s owned by the LDS; and I’m pretty sure they just get picked on because they’re “cult-y”. Catholic Churches have massive investment accounts, most denominations will have something large.
And then there’s the Bill Gates fund that is a giant tax shelter….