The Art of Avoiding Taxes

Which statements about tax EVASION and tax AVOIDANCE are correct?

• Tax evasion uses illegal practices

• Tax avoidance uses only illegal practices

• Tax avoidance is somewhat legal

• Tax evasion is somewhat legal

Which of these is an example of a legal practice for tax AVOIDANCE?

• Under-reporting income

• Claiming fake expenses

• Using loopholes in tax code

• Falsifying company records

The trailblazer in the luxury freeport business is located in...

• Rome

• Wałbrzych

• Paris

• Geneva

What is the estimated value of art stored in the Geneva Freeport?

• 100 mln

• 200 bln

• 500 mln

• 100 bln

How long does an art piece need to stay in a freeport to be excluded from Sales Tax?

• 1 month

• 1 year

• 6 months

• 3 years

40% of Geneva's Freeport facility is filled with art. What are some of the other products that people store there?

• jewelry

• 3 million bottles of wine

• gold bars

• luxury vehicles

How much was this art piece sold for? (USD)

• 250 mln

• 1200 - 1800

• 610 mln

• 450 mln

How much was this art piece sold for? (USD)

• 95 mln

• 37 mln

• 73 mln

• 63 mln

How much was this art piece sold for? (USD)

• 500 000

• 165 mln

• 26 mln

• 212 mln

How much was this art piece sold for? (USD)

• 84 mln

• 120 000

• 75 mln

• 2 mln