I discuss how markets have the ability to shatter the burden of taxes, leading to concerns about tax avoidance and evasion. There is a fear that the ultimate burden of these taxes may fall on weaker parties, such as retirees. This can result in a trend of using clever financial instruments like derivatives to avoid paying taxes, such as by avoiding the use of foreign currencies in transactions. However, tracking all financial transactions aimed at tax avoidance can be difficult and costly.
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