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Unknown Tax Havens | Finance Documentary

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Unknown Tax Havens Exposing the secret world of unknown tax havens, a global network of taxfree storage facilities with art and goods for the superrich unknown, until now. Freeports at highest security levels. This investigates who's using them, and why.

Unknown Tax Havens (2021)
Director: Martin Gronemeyer
Writers: Martin Gronemeyer, Michaela Kirst
Stars: Nina West, Martin Schubach, Thomas Holländer
Genre: Documentary, Crime
Country: Germany
Language: English
Also Known As: Freeports: The Beauty of Tax Free Storage
Release Date: November 2, 2021 (Germany)

Synopsis:
From Singapore to Luxembourg via Switzerland, a very discreet service is now booming: the storage of precious goods (works of art, luxury cars, vintage wines) in secure warehouses called free ports, originally considered as temporary transit zones. This system, which is extremely advantageous for owners who remain anonymous if they wish and are exempt from customs duties and VAT, encourages tax evasion and parallel trade. For these goods can be resold within the warehouses themselves in transactions that are not always transparent. Museum officials deplore, for example, that these secret storages allow certain key works to be stolen from public view for a long time.

Reviews:
"This is a fascinating documentary about freeports secure warehouses where the ultra rich hide their physical assets to avoid taxation. In the movie TENET, there is a sequence involving Freeports, but this film explains the reality behind what was shown there.

I had no idea that many of the world's greatest paintings have been hidden away in these warehouses, never to be seen again. It is common for art purchased at auctions to be transported directly to these facilities, with their true ownership concealed by a series of shell companies. The facilities have a "no questions asked" policy, which enables dictators and criminals to hide their wealth in freeports.

The documentary explains that recent changes in the law meant that bank deposits could no longer be kept secret. This caused a growth in the popularity in freeports, as fine art became a substitute for money and banks as a storage of wealth.

This film is definitely worth seeking out, and hopefully will secure wider distribution."
written by "bobdecarli" on IMDb.com

Also Known As (AKA):
(original title) Schätze unter Verschluss: Das System Freeport
France Trésors sous clé Le système des ports francs
Germany Schätze unter Verschluss: Das System Freeport
Norway Ei frihamn for dei rike
Spain Puertos francos: la caja fuerte del arte
United States Freeports: The Beauty of Tax Free Storage

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