Quirks in a U.S. Treaty With Malta Turn Into a Tax Play
An offshore tax shelter promises rich Americans they can avoid lots of capital-gains taxes by setting up pension plans in Malta—and maybe some can
By Aug. 20, 2021 5:30 am ET
Have you heard of Malta Pension Plans? They’re offshore tax shelters that are hot with some wealthy Americans.
As usual with tax shelters, the promoters promise they’ll slash tax bills by making clever use of legal quirks. That puts them in a somewhat gray area, meaning the tax savings could bring legal risks.
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