Donation to Charity, Tax Optimization or Tax Evasion...Smart moves from renowned finance expert(s)

[jakonda]

Not sure if you are following the IPOs, SPAC, PE, VC, HF sectors but today Bill Ackman (Pershing Square HF) donates $1.3B worth of Coupang stock to charity; He actually twitted about this.
"I was a very fortunate day one investor in @Coupang. As a result of its incredible success, 26.5m shares of its stock will benefit humanity as I gave all of the shares to
@PershingSqFdn, a DAF, and another non-profit. Thank you to Bom and the Coupang team on behalf of all of us!" IMO this is just legal tax "evasion"... Would love to see some similar examples/tricks or just hear your thoughts about this topic...

 

[Golden Fleece]

There is no‌ such thing as legal tax evasion. That is socialist thinking. If the tax code allows‍ it, then it is legal tax minimization and not illegal tax evasion. In the U.S.,⁠ a famous judge, named Learned Hand, once stated:

 

[troubled soul]

Depend upon with word you use "Save Tax" or "Steal Tax".
It's a complex word‌ .