Artful Dodgers


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From hedge fund managers to retail magnates to superstar athletes, the ultra-wealthy are increasingly dodging taxes, depriving the U.S. and other countries of billions in revenue at a time of economic turmoil and slashed public services. Aided by a booming tax-avoidance industry of lawyers, consultants, accountants, bankers and appraisers, they're outfoxing the IRS and other national collection agencies by shifting income offshore, setting up shell companies, profiting from charitable trusts, and exploiting loopholes in the tax code, Bloomberg News has found.

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