Luxembourg Freeport Is Like A Fancy Garage For The World's Mega-Rich
Nov 26, 2013 22:53
Remember that village in the movie "Gattaca", where genetically superior beings prepared to launch into space? This
swanky building in Luxembourg looks just like that, except that it serves as a place for rich people for stash their most prized possessions.
The unassuming warehouse is located just outside Luxembourg's main airport which is currently under construction. This "freeport" is apparently designed to house collectibles like art or gold so that the rich don't get taxed for it. As the Economist explains:
"[Freeports'] attractions are similar to those offered by offshore financial centres: security and confidentiality, not much scrutiny, the ability for owners to hide behind nominees, and an array of tax advantages. This special treatment is possible because goods in freeports are technically in transit, even if in reality the ports are used more and more as permanent homes for accumulated wealth. If anyone knows how to game the rules, it is the super-rich and their advisers."
Be sure to check out the rest of the images below, and the promo video here.
Happiness is something every human being searches for in life. Some people find happiness in money, while others discover it in relationships, achievements, or personal growth. However, intelligent people often experience happiness differently. Deep thinkers usually analyze life more carefully, which can sometimes make happiness difficult to achieve. Many philosophers and writers have discussed this topic throughout history because understanding happiness is one of the greatest goals of humanity. Read more
Zlibrary keeps widening its reach as an e library that brings books to learners in every corner of the world. Its simple design and broad collection make it a steady companion for students teachers and lifelong readers who want a smooth path to knowledge. Read more
In the world of high-performance sports and bodybuilding, timing is everything. Whether you are prepping for a national qualifier or following a meticulously planned off-season "blast," your success depends on a strict schedule. Read more