Unknown Tax Havens – Exposing the key world of unknown tax havens, a worldwide community of tax-free storage amenities with artwork and items for the super-rich – unknown, till now. Freeports at highest safety ranges. This investigates who’s utilizing them, and why.
Unknown Tax Havens (2021)
Director: Martin Gronemeyer
Writers: Martin Gronemeyer, Michaela Kirst
Stars: Nina West, Martin Schubach, Thomas Holländer
Style: Documentary, Crime
Nation: Germany
Language: English
Additionally Recognized As: Freeports: The Great thing about Tax Free Storage
Launch Date: November 2, 2021 (Germany)
Synopsis:
From Singapore to Luxembourg through Switzerland, a really discreet service is now booming: the storage of valuable items (artworks, luxurious vehicles, classic wines) in safe warehouses known as free ports, initially thought of as momentary transit zones. This technique, which is extraordinarily advantageous for house owners who stay nameless if they need and are exempt from customs duties and VAT, encourages tax evasion and parallel commerce. For these items might be resold inside the warehouses themselves in transactions that aren’t all the time clear. Museum officers deplore, for instance, that these secret storages enable sure key works to be stolen from public view for a very long time.
Critiques:
“It is a fascinating documentary about freeports – safe warehouses the place the extremely wealthy conceal their bodily property to keep away from taxation. Within the film TENET, there’s a sequence involving Freeports, however this movie explains the fact behind what was proven there.
I had no concept that lots of the world’s best work have been hidden away in these warehouses, by no means to be seen once more. It is not uncommon for artwork bought at auctions to be transported instantly to those amenities, with their true possession hid by a collection of shell corporations. The amenities have a “no questions requested” coverage, which permits dictators and criminals to cover their wealth in freeports.
The documentary explains that current modifications within the legislation meant that financial institution deposits may now not be saved secret. This precipitated a development within the reputation in freeports, as positive artwork turned an alternative choice to cash and banks as a storage of wealth.
This movie is certainly value searching for out, and hopefully will safe wider distribution.”
– written by “bobdecarli” on IMDb.com
Additionally Recognized As (AKA):
(unique title) Schätze unter Verschluss: Das System Freeport
France Trésors sous clé – Le système des ports francs
Germany Schätze unter Verschluss: Das System Freeport
Norway Ei frihamn for dei rike
Spain Puertos francos: la caja fuerte del arte
United States Freeports: The Great thing about Tax Free Storage
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