# How investment firms shield the ultrawealthy from the IRS

- Link: https://www.widthness.com/how-investment-firms-shield-the-ultrawealthy-from-the-irs/
- Published: 2024-04-12T09:45:09-05:00
- Author: Curated by Theresa Wysocki

Photo caption: The Internal Revenue Service Building, located in the center of the Federal Triangle complex in Washington, D.C. Photo credit: Carol M. Highsmith – Library of Congress Catalog. Public Domain. Article by Spencer Woodman. The International Consortium of Investigative Journalists – April 3, 2024. In 2015, the U.S. Department of Treasury hired an economist named Owen Zidar as a contractor to help a team of government officials examine a problem of growing urgency. The ultrawealthy were increasingly turning to intricate webs of companies and trusts to move their income in ways that auditors could hardly begin to understand. […] Click here to view original web page at www.icij.org Curated by Theresa Wysocki See Full Bio