Just think about all the good a really dedicated billionaire could do. Of course nearly all of them have “charities”, but most of them are tax doges or just a really small fraction of their wealth goes into them or they are just there to paint them in a favorite light.
One of their favorite “cheats” is the following: donate all your wealth to a charity you created and have 100% control of. Charity is tax exempt and you simply control the wealth of the charity instead of your own - still doing everything you did before, but now without taxes and you can claim that you are a GREAT philanthropist.
You might have some duties as a charitable organization, but since you can choose where the charity is located that is probably not a problem.
Just think about all the good a really dedicated billionaire could do. Of course nearly all of them have “charities”, but most of them are tax doges or just a really small fraction of their wealth goes into them or they are just there to paint them in a favorite light.
One of their favorite “cheats” is the following: donate all your wealth to a charity you created and have 100% control of. Charity is tax exempt and you simply control the wealth of the charity instead of your own - still doing everything you did before, but now without taxes and you can claim that you are a GREAT philanthropist.
You might have some duties as a charitable organization, but since you can choose where the charity is located that is probably not a problem.