Freeports were created as duty-free facilities for temporary storage of art and valuables in transit. But with the EU having eliminated banking secrecy, art has become an asset class " and a vehicle for tax evasion and money laundering. So the number of freeports in Europe has mushroomed, with tax evaders and money launderers storing […]
SOURCE: ArtsJournal at 08:00AM on April 4, 2019