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How Does Banksy Avoid the IRS? , by Howard Johnson on Apr 15, 2015 22:23:14 GMT 1, In the past couple months I have had the pleasure of meeting many collectors far more versed in the world of Banksy then myself. Throughout these conversations two facts continue to be reiterated; 1) Banksy is living in the US, and likely in Los Angeles, and 2) Banksy continues to sell original artwork and prints very quietly through intermediaries. This got me thinking, how the hell does he avoid the IRS? Granted, these statements may just be widespread rumors, but I image it would still be very difficult to hide the enormous amount of wealth he's accrued from either the US or UK government.
Like Al Capone, will tax evasion finally be his undoing? Is there a legal way he can lie about his income though the use of a creative corporate structure or other legal entities? If any business aficionados have any theories, I think its an interesting conversation to have.
In the past couple months I have had the pleasure of meeting many collectors far more versed in the world of Banksy then myself. Throughout these conversations two facts continue to be reiterated; 1) Banksy is living in the US, and likely in Los Angeles, and 2) Banksy continues to sell original artwork and prints very quietly through intermediaries. This got me thinking, how the hell does he avoid the IRS? Granted, these statements may just be widespread rumors, but I image it would still be very difficult to hide the enormous amount of wealth he's accrued from either the US or UK government.
Like Al Capone, will tax evasion finally be his undoing? Is there a legal way he can lie about his income though the use of a creative corporate structure or other legal entities? If any business aficionados have any theories, I think its an interesting conversation to have.
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Momo
Junior Member
🗨️ 1,034
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March 2014
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How Does Banksy Avoid the IRS? , by Momo on Apr 15, 2015 22:26:23 GMT 1, I imagine it is through a company where he is a director who takes a large salary as opposed to being an "artist" per se (can't spell)
I imagine it is through a company where he is a director who takes a large salary as opposed to being an "artist" per se (can't spell)
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How Does Banksy Avoid the IRS? , by Howard Johnson on Apr 15, 2015 22:34:19 GMT 1, I imagine it is through a company where he is a director who takes a large salary as opposed to being an "artist" per se (can't spell) Yeah this is what I was thinking. But, wouldn't the company have to disclose the items its selling at some point or another? I honestly have no idea, but from the perspective of an IRS agent he must raise a ton of red flags (giant income without any verifiable explanation as to its source).
I imagine it is through a company where he is a director who takes a large salary as opposed to being an "artist" per se (can't spell) Yeah this is what I was thinking. But, wouldn't the company have to disclose the items its selling at some point or another? I honestly have no idea, but from the perspective of an IRS agent he must raise a ton of red flags (giant income without any verifiable explanation as to its source).
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WOOF
Junior Member
🗨️ 4,464
👍🏻 4,762
March 2014
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How Does Banksy Avoid the IRS? , by WOOF on Apr 15, 2015 22:38:40 GMT 1, I'd imagine he pays taxes, simple enough.
I'd imagine he pays taxes, simple enough.
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Dr Plip
Junior Member
🗨️ 7,043
👍🏻 8,981
August 2011
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How Does Banksy Avoid the IRS? , by Dr Plip on Apr 15, 2015 22:38:59 GMT 1, Is it possible that the IRS knows who he is and doesn't care as long as he pays his taxes?
Is it possible that the IRS knows who he is and doesn't care as long as he pays his taxes?
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11
Junior Member
🗨️ 4,858
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February 2011
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How Does Banksy Avoid the IRS? , by 11 on Apr 15, 2015 22:56:05 GMT 1, An obscure company that is probably a consultancy of some sort so it could declare the income as professional services. A graphic design house or something like that. In between which I imagine there would be a series of holding companies......unless he was in with Take That and expensed everything
In all seriousness, he comes across as very conscious of society, and goes out of his way to highlight the plight of the under-priviliged - globally. I would assume he pays a fair return and any 'upside' he might get is probably more than off-set by donations of his work (and I would assume financial sums) to numerous charities
An obscure company that is probably a consultancy of some sort so it could declare the income as professional services. A graphic design house or something like that. In between which I imagine there would be a series of holding companies......unless he was in with Take That and expensed everything In all seriousness, he comes across as very conscious of society, and goes out of his way to highlight the plight of the under-priviliged - globally. I would assume he pays a fair return and any 'upside' he might get is probably more than off-set by donations of his work (and I would assume financial sums) to numerous charities
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meh.
New Member
🗨️ 411
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September 2014
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How Does Banksy Avoid the IRS? , by meh. on Apr 15, 2015 23:13:54 GMT 1, I imagine it is through a company where he is a director who takes a large salary as opposed to being an "artist" per se (can't spell)
Directors take small salaries and large dividends, salaries attract higher tax
I imagine it is through a company where he is a director who takes a large salary as opposed to being an "artist" per se (can't spell) Directors take small salaries and large dividends, salaries attract higher tax
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How Does Banksy Avoid the IRS? , by wishingiwaslucky on Apr 15, 2015 23:25:16 GMT 1, What about all the ARR that comes from all these auctions....must be huge amounts...how do they sort that?
What about all the ARR that comes from all these auctions....must be huge amounts...how do they sort that?
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Deleted
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January 1970
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How Does Banksy Avoid the IRS? , by Deleted on Apr 15, 2015 23:53:22 GMT 1, Throughout these conversations two facts continue to be reiterated; 1) Banksy is living in the US, and likely in Los Angeles, and 2) Banksy continues to sell original artwork and prints very quietly through intermediaries. Those are not facts.
Throughout these conversations two facts continue to be reiterated; 1) Banksy is living in the US, and likely in Los Angeles, and 2) Banksy continues to sell original artwork and prints very quietly through intermediaries. Those are not facts.
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How Does Banksy Avoid the IRS? , by Happy Shopper on Apr 16, 2015 0:22:41 GMT 1, I'd assume all payments are made to pest control or POW, or whoever, and he gets paid in his real name by them... And HMRC or IRS have no idea what exactly he does (just like everyone else).
I'd assume all payments are made to pest control or POW, or whoever, and he gets paid in his real name by them... And HMRC or IRS have no idea what exactly he does (just like everyone else).
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How Does Banksy Avoid the IRS? , by Mister Whisper on Apr 16, 2015 9:30:26 GMT 1, I'd assume all payments are made to pest control or POW, or whoever, and he gets paid in his real name by them... And HMRC or IRS have no idea what exactly he does (just like everyone else).
Probably this. Plus as long as the IRS is getting it's share, I think it doesn't really care about what specific artworks are being sold. For example, I know several tax-paying writers, and the IRS gives not one whit about what they write, as long as they declare how much they made from writing it.
I'd assume all payments are made to pest control or POW, or whoever, and he gets paid in his real name by them... And HMRC or IRS have no idea what exactly he does (just like everyone else). Probably this. Plus as long as the IRS is getting it's share, I think it doesn't really care about what specific artworks are being sold. For example, I know several tax-paying writers, and the IRS gives not one whit about what they write, as long as they declare how much they made from writing it.
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Deleted
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January 1970
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How Does Banksy Avoid the IRS? , by Deleted on Apr 16, 2015 10:40:24 GMT 1, Throughout these conversations two facts continue to be reiterated; 1) Banksy is living in the US, and likely in Los Angeles, and 2) Banksy continues to sell original artwork and prints very quietly through intermediaries. Those are not facts.
are some people bound by the Banksy official secrets act?
Throughout these conversations two facts continue to be reiterated; 1) Banksy is living in the US, and likely in Los Angeles, and 2) Banksy continues to sell original artwork and prints very quietly through intermediaries. Those are not facts.
are some people bound by the Banksy official secrets act?
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Deleted
🗨️ 0
👍🏻
January 1970
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How Does Banksy Avoid the IRS? , by Deleted on Apr 16, 2015 10:47:49 GMT 1, In the past couple months I have had the pleasure of meeting many collectors far more versed in the world of Banksy then myself. Throughout these conversations two facts continue to be reiterated; 1) Banksy is living in the US, and likely in Los Angeles, and 2) Banksy continues to sell original artwork and prints very quietly through intermediaries. This got me thinking, how the hell does he avoid the IRS? Granted, these statements may just be widespread rumors, but I image it would still be very difficult to hide the enormous amount of wealth he's accrued from either the US or UK government. Like Al Capone, will tax evasion finally be his undoing? Is there a legal way he can lie about his income though the use of a creative corporate structure or other legal entities? If any business aficionados have any theories, I think its an interesting conversation to have. I heard similar rumours about Banksy and his management selling to special people and saying that POW have nothing available when in reality they sell to a select clientele.
They seem very controlling and paranoid and insecure to me.
Has Banksy started to believe his own BS?
Who knows what Banksy does with his lucre?
Maybe he buys fish for penguins or maybe he invests in stocks and shares or maybe he gives it all away or maybe buys property in LA like Brainwash or mabe he grows cabbage?
Although cash is always king, i'm sure mr B declares properly his earnings.
In the past couple months I have had the pleasure of meeting many collectors far more versed in the world of Banksy then myself. Throughout these conversations two facts continue to be reiterated; 1) Banksy is living in the US, and likely in Los Angeles, and 2) Banksy continues to sell original artwork and prints very quietly through intermediaries. This got me thinking, how the hell does he avoid the IRS? Granted, these statements may just be widespread rumors, but I image it would still be very difficult to hide the enormous amount of wealth he's accrued from either the US or UK government. Like Al Capone, will tax evasion finally be his undoing? Is there a legal way he can lie about his income though the use of a creative corporate structure or other legal entities? If any business aficionados have any theories, I think its an interesting conversation to have. I heard similar rumours about Banksy and his management selling to special people and saying that POW have nothing available when in reality they sell to a select clientele.
They seem very controlling and paranoid and insecure to me.
Has Banksy started to believe his own BS?
Who knows what Banksy does with his lucre?
Maybe he buys fish for penguins or maybe he invests in stocks and shares or maybe he gives it all away or maybe buys property in LA like Brainwash or mabe he grows cabbage?
Although cash is always king, i'm sure mr B declares properly his earnings.
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angel41
Artist
New Member
🗨️ 411
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May 2013
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How Does Banksy Avoid the IRS? , by angel41 on Apr 16, 2015 11:02:07 GMT 1, Don't think it's too far fetched to suggest that he uses his real name with IRS, declares earnings and then pays the tax owed. Why would IRS question how the money is earned?
Don't think it's too far fetched to suggest that he uses his real name with IRS, declares earnings and then pays the tax owed. Why would IRS question how the money is earned?
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Stender
New Member
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December 2009
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How Does Banksy Avoid the IRS? , by Stender on Apr 16, 2015 11:10:14 GMT 1, I think if he used his real name he would of been sold out by now. I reckon he uses Saul Goodman as his lawyer myself. I know someone who worked for Tony Stone photo agency and saw one of their catalogues in a photo in Banksy's studio. You had to subscribe for them so thought about getting a client list to see if any recognisable names/addresses. I had a banksy related website so thought about doing some detective work, Again assuming he registered himself. Then thought get a life stalker.
I think if he used his real name he would of been sold out by now. I reckon he uses Saul Goodman as his lawyer myself. I know someone who worked for Tony Stone photo agency and saw one of their catalogues in a photo in Banksy's studio. You had to subscribe for them so thought about getting a client list to see if any recognisable names/addresses. I had a banksy related website so thought about doing some detective work, Again assuming he registered himself. Then thought get a life stalker.
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How Does Banksy Avoid the IRS? , by naughtyshorty on Apr 16, 2015 11:27:39 GMT 1, Throughout these conversations two facts continue to be reiterated; 1) Banksy is living in the US, and likely in Los Angeles, and 2) Banksy continues to sell original artwork and prints very quietly through intermediaries. Those are not facts.
Which point do you disagree with?
Throughout these conversations two facts continue to be reiterated; 1) Banksy is living in the US, and likely in Los Angeles, and 2) Banksy continues to sell original artwork and prints very quietly through intermediaries. Those are not facts. Which point do you disagree with?
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Deleted
🗨️ 0
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January 1970
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How Does Banksy Avoid the IRS? , by Deleted on Apr 16, 2015 11:43:30 GMT 1, Well he can't have any kind of criminal record or fuzz after him otherwise he wouldn't be allowed to enter the US.
Despite what wiggy Saysell says.
I like the idea of POW telling the prolls that Banksy has not made any new prints and nothing is available.
While secretly he is producing ltd editions and art for the very very special vip Angelina Jolie style clients where they keep them private on display at home and keeping the ordinary working class none the wiser.
Prince Banksy in Hollweird.
Well he can't have any kind of criminal record or fuzz after him otherwise he wouldn't be allowed to enter the US.
Despite what wiggy Saysell says.
I like the idea of POW telling the prolls that Banksy has not made any new prints and nothing is available.
While secretly he is producing ltd editions and art for the very very special vip Angelina Jolie style clients where they keep them private on display at home and keeping the ordinary working class none the wiser.
Prince Banksy in Hollweird.
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Deleted
🗨️ 0
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January 1970
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How Does Banksy Avoid the IRS? , by Deleted on Apr 16, 2015 11:53:03 GMT 1, Well he can't have any kind of criminal record or fuzz after him otherwise he wouldn't be allowed to enter the US. Despite what wiggy Saysell says.
Only if he ticks the box on the form when entering, so I'm told. There is always a risk they still might pull him at the airport. I think the US have bigger fish to fry to be honest.
Well he can't have any kind of criminal record or fuzz after him otherwise he wouldn't be allowed to enter the US. Despite what wiggy Saysell says. Only if he ticks the box on the form when entering, so I'm told. There is always a risk they still might pull him at the airport. I think the US have bigger fish to fry to be honest.
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Stender
New Member
🗨️ 352
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December 2009
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How Does Banksy Avoid the IRS? , by Stender on Apr 16, 2015 12:07:22 GMT 1,
I like the idea of POW telling the prolls that Banksy has not made any new prints and nothing is available.
While secretly he is producing ltd editions and art for the very very special vip Angelina Jolie style clients where they keep them private on display at home and keeping the ordinary working class none the wiser.
Prince Banksy in Hollweird. I heard he's spent the last few years trying to stick the glitter back on the gorilla prints.
I like the idea of POW telling the prolls that Banksy has not made any new prints and nothing is available.
While secretly he is producing ltd editions and art for the very very special vip Angelina Jolie style clients where they keep them private on display at home and keeping the ordinary working class none the wiser.
Prince Banksy in Hollweird. I heard he's spent the last few years trying to stick the glitter back on the gorilla prints.
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Deleted
🗨️ 0
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January 1970
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How Does Banksy Avoid the IRS? , by Deleted on Apr 16, 2015 12:12:13 GMT 1, Well he can't have any kind of criminal record or fuzz after him otherwise he wouldn't be allowed to enter the US. Despite what wiggy Saysell says. Only if he ticks the box on the form when entering, so I'm told. There is always a risk they still might pull him at the airport. I think the US have bigger fish to fry to be honest. Thats true.
One is only a crim if one declares it.
Plus Banksy graffiti is art not graffiti and philistines don't know the difference between Banksy art and graffiti.
Well if the Arts Council of Britain who alledgedly gave Banksy a couple of grants are to be believed.
www.artscouncil.org.uk/news/arts-council-news/banksy-graffiti-should-be-protected/
""An academic from the University of Bristol has argued that graffiti artist Banksy's work should be given more protection after one his illustrations was painted over after being mistaken for 'regular' graffiti.""
Well he can't have any kind of criminal record or fuzz after him otherwise he wouldn't be allowed to enter the US. Despite what wiggy Saysell says. Only if he ticks the box on the form when entering, so I'm told. There is always a risk they still might pull him at the airport. I think the US have bigger fish to fry to be honest. Thats true.
One is only a crim if one declares it.
Plus Banksy graffiti is art not graffiti and philistines don't know the difference between Banksy art and graffiti.
Well if the Arts Council of Britain who alledgedly gave Banksy a couple of grants are to be believed.
www.artscouncil.org.uk/news/arts-council-news/banksy-graffiti-should-be-protected/
""An academic from the University of Bristol has argued that graffiti artist Banksy's work should be given more protection after one his illustrations was painted over after being mistaken for 'regular' graffiti.""
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WILLYBKLN
New Member
🗨️ 973
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October 2013
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How Does Banksy Avoid the IRS? , by WILLYBKLN on Apr 16, 2015 15:25:12 GMT 1, In the past couple months I have had the pleasure of meeting many collectors far more versed in the world of Banksy then myself. Throughout these conversations two facts continue to be reiterated; 1) Banksy is living in the US, and likely in Los Angeles, and 2) Banksy continues to sell original artwork and prints very quietly through intermediaries. This got me thinking, how the hell does he avoid the IRS? Granted, these statements may just be widespread rumors, but I image it would still be very difficult to hide the enormous amount of wealth he's accrued from either the US or UK government. Like Al Capone, will tax evasion finally be his undoing? Is there a legal way he can lie about his income though the use of a creative corporate structure or other legal entities? If any business aficionados have any theories, I think its an interesting conversation to have. My question is, how do you know he evades the IRS/Tax dept? How do you know he doesn't pay his fare share? Are you an auditor?
In the past couple months I have had the pleasure of meeting many collectors far more versed in the world of Banksy then myself. Throughout these conversations two facts continue to be reiterated; 1) Banksy is living in the US, and likely in Los Angeles, and 2) Banksy continues to sell original artwork and prints very quietly through intermediaries. This got me thinking, how the hell does he avoid the IRS? Granted, these statements may just be widespread rumors, but I image it would still be very difficult to hide the enormous amount of wealth he's accrued from either the US or UK government. Like Al Capone, will tax evasion finally be his undoing? Is there a legal way he can lie about his income though the use of a creative corporate structure or other legal entities? If any business aficionados have any theories, I think its an interesting conversation to have. My question is, how do you know he evades the IRS/Tax dept? How do you know he doesn't pay his fare share? Are you an auditor?
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How Does Banksy Avoid the IRS? , by Howard Johnson on Apr 16, 2015 17:47:00 GMT 1, So this thread can be pretty much disregarded. I hung out with a money manager last night and he explained that the IRS couldn't care less about where an income is coming from as long as its disclosed and taxes are paid.
So this thread can be pretty much disregarded. I hung out with a money manager last night and he explained that the IRS couldn't care less about where an income is coming from as long as its disclosed and taxes are paid.
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meh.
New Member
🗨️ 411
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September 2014
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How Does Banksy Avoid the IRS? , by meh. on Apr 16, 2015 19:51:03 GMT 1, wouldn't he have non-dom status, why would he owe them anything?
wouldn't he have non-dom status, why would he owe them anything?
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WILLYBKLN
New Member
🗨️ 973
👍🏻 670
October 2013
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How Does Banksy Avoid the IRS? , by WILLYBKLN on Apr 16, 2015 20:07:29 GMT 1, So this thread can be pretty much disregarded. I hung out with a money manager last night and he explained that the IRS couldn't care less about where an income is coming from as long as its disclosed and taxes are paid. yeah...common sense? lol
So this thread can be pretty much disregarded. I hung out with a money manager last night and he explained that the IRS couldn't care less about where an income is coming from as long as its disclosed and taxes are paid. yeah...common sense? lol
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Deleted
🗨️ 0
👍🏻
January 1970
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How Does Banksy Avoid the IRS? , by Deleted on Apr 16, 2015 20:23:52 GMT 1, In the past couple months I have had the pleasure of meeting many collectors far more versed in the world of Banksy then myself. Throughout these conversations two facts continue to be reiterated; 1) Banksy is living in the US, and likely in Los Angeles, and 2) Banksy continues to sell original artwork and prints very quietly through intermediaries. This got me thinking, how the hell does he avoid the IRS? Granted, these statements may just be widespread rumors, but I image it would still be very difficult to hide the enormous amount of wealth he's accrued from either the US or UK government. Like Al Capone, will tax evasion finally be his undoing? Is there a legal way he can lie about his income though the use of a creative corporate structure or other legal entities? If any business aficionados have any theories, I think its an interesting conversation to have. I heard similar rumours about Banksy and his management selling to special people and saying that POW have nothing available when in reality they sell to a select clientele.
They seem very controlling and paranoid and insecure to me.
Has Banksy started to believe his own BS?
Who knows what Banksy does with his lucre?
Maybe he buys fish for penguins or maybe he invests in stocks and shares or maybe he gives it all away or maybe buys property in LA like Brainwash or mabe he grows cabbage?
Although cash is always king, i'm sure mr B declares properly his earnings.
If the 'rumours' have trickled down to you then you can probably disregard them as just that, rumours.
In the past couple months I have had the pleasure of meeting many collectors far more versed in the world of Banksy then myself. Throughout these conversations two facts continue to be reiterated; 1) Banksy is living in the US, and likely in Los Angeles, and 2) Banksy continues to sell original artwork and prints very quietly through intermediaries. This got me thinking, how the hell does he avoid the IRS? Granted, these statements may just be widespread rumors, but I image it would still be very difficult to hide the enormous amount of wealth he's accrued from either the US or UK government. Like Al Capone, will tax evasion finally be his undoing? Is there a legal way he can lie about his income though the use of a creative corporate structure or other legal entities? If any business aficionados have any theories, I think its an interesting conversation to have. I heard similar rumours about Banksy and his management selling to special people and saying that POW have nothing available when in reality they sell to a select clientele.
They seem very controlling and paranoid and insecure to me.
Has Banksy started to believe his own BS?
Who knows what Banksy does with his lucre?
Maybe he buys fish for penguins or maybe he invests in stocks and shares or maybe he gives it all away or maybe buys property in LA like Brainwash or mabe he grows cabbage?
Although cash is always king, i'm sure mr B declares properly his earnings.
If the 'rumours' have trickled down to you then you can probably disregard them as just that, rumours.
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Deleted
🗨️ 0
👍🏻
January 1970
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How Does Banksy Avoid the IRS? , by Deleted on Apr 16, 2015 20:27:49 GMT 1,
are some people bound by the Banksy official secrets act?
You nuts?, hes just a bloke.
are some people bound by the Banksy official secrets act?
You nuts?, hes just a bloke.
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Deleted
🗨️ 0
👍🏻
January 1970
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How Does Banksy Avoid the IRS? , by Deleted on Apr 16, 2015 20:45:40 GMT 1, I heard similar rumours about Banksy and his management selling to special people and saying that POW have nothing available when in reality they sell to a select clientele.
They seem very controlling and paranoid and insecure to me.
Has Banksy started to believe his own BS?
Who knows what Banksy does with his lucre?
Maybe he buys fish for penguins or maybe he invests in stocks and shares or maybe he gives it all away or maybe buys property in LA like Brainwash or mabe he grows cabbage?
Although cash is always king, i'm sure mr B declares properly his earnings.
If the 'rumours' have trickled down to you then you can probably disregard them as just that, rumours. I should never have believed Hunter S Thompson.
Such a rumor monger.
I heard similar rumours about Banksy and his management selling to special people and saying that POW have nothing available when in reality they sell to a select clientele.
They seem very controlling and paranoid and insecure to me.
Has Banksy started to believe his own BS?
Who knows what Banksy does with his lucre?
Maybe he buys fish for penguins or maybe he invests in stocks and shares or maybe he gives it all away or maybe buys property in LA like Brainwash or mabe he grows cabbage?
Although cash is always king, i'm sure mr B declares properly his earnings.
If the 'rumours' have trickled down to you then you can probably disregard them as just that, rumours. I should never have believed Hunter S Thompson.
Such a rumor monger.
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Bina
New Member
🗨️ 88
👍🏻 46
November 2013
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How Does Banksy Avoid the IRS? , by Bina on Apr 16, 2015 21:15:38 GMT 1, If the 'rumours' have trickled down to you then you can probably disregard them as just that, rumours. I should never have believed Hunter S Thompson.
Such a rumor monger.
Don't you ever get tired of talking shite ?
If the 'rumours' have trickled down to you then you can probably disregard them as just that, rumours. I should never have believed Hunter S Thompson.
Such a rumor monger.
Don't you ever get tired of talking shite ?
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Deleted
🗨️ 0
👍🏻
January 1970
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How Does Banksy Avoid the IRS? , by Deleted on Apr 16, 2015 21:31:10 GMT 1, In the past couple months I have had the pleasure of meeting many collectors far more versed in the world of Banksy then myself. Throughout these conversations two facts continue to be reiterated; 1) Banksy is living in the US, and likely in Los Angeles, and 2) Banksy continues to sell original artwork and prints very quietly through intermediaries. This got me thinking, how the hell does he avoid the IRS? Granted, these statements may just be widespread rumors, but I image it would still be very difficult to hide the enormous amount of wealth he's accrued from either the US or UK government. Like Al Capone, will tax evasion finally be his undoing? Is there a legal way he can lie about his income though the use of a creative corporate structure or other legal entities? If any business aficionados have any theories, I think its an interesting conversation to have. Tax avoidance is legal and affording expensive accountants helps.
In the past couple months I have had the pleasure of meeting many collectors far more versed in the world of Banksy then myself. Throughout these conversations two facts continue to be reiterated; 1) Banksy is living in the US, and likely in Los Angeles, and 2) Banksy continues to sell original artwork and prints very quietly through intermediaries. This got me thinking, how the hell does he avoid the IRS? Granted, these statements may just be widespread rumors, but I image it would still be very difficult to hide the enormous amount of wealth he's accrued from either the US or UK government. Like Al Capone, will tax evasion finally be his undoing? Is there a legal way he can lie about his income though the use of a creative corporate structure or other legal entities? If any business aficionados have any theories, I think its an interesting conversation to have. Tax avoidance is legal and affording expensive accountants helps.
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Deleted
🗨️ 0
👍🏻
January 1970
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How Does Banksy Avoid the IRS? , by Deleted on Apr 16, 2015 21:32:11 GMT 1, I should never have believed Hunter S Thompson.
Such a rumor monger.
Don't you ever get tired of talking s**te ?
Sarcasm goes over your head?
Good thing Banksy makes art that is basic and simple to understand.
I should never have believed Hunter S Thompson.
Such a rumor monger.
Don't you ever get tired of talking s**te ?
Sarcasm goes over your head?
Good thing Banksy makes art that is basic and simple to understand.
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