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Hey, folks... here's a tax strategy you might not have considered:

Looks like some entrepreneurs are planning to build a concrete platform on top of an underwater island in the Caribbean, essentially creating new "land," and thus enabling them to skirt whatever tax laws are out there.

From the website:

A City-State in the middle of the Caribbean, made possible by 21st Century technology and surrounded by, and interspersed with canals of, clear blue water, a clean and beautiful place to live and raise families, and work. It is located over one-hundred miles from any other country. The City will provide an airport and docking facilities for the movement of people and goods, and marinas for smaller water-craft, offices, stores, green areas, parks, recreational facilities and living quarters for families.

They've even got a constitution written, with the lead man in this operation all set to declare himself "Prince Lazerus."

I don't know if this is some sort of joke, or a collosal stunt, or if this is a really serious proposition. But you can't fault a guy for thinking big...

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