Walter Anderson, Telecommunications Tycoon
The 1990s were a prosperous time for numerous American entrepreneurs, but with many, you wouldn’t even know it. Anderson found creative ways to effectively hide his massive income — $365 million to be exact — using offshore tax havens, drop boxes in the Netherlands and shell companies. In 1998, for example, he paid just $495 in taxes after claiming an income of $67,939, when in reality, he earned more than $126 million. He was so well off that he kept a multimillion-dollar art collection and once considered leasing the Mir space station. Anderson, now serving a nine-year prison sentence, claims he’s innocent despite pleading guilty in 2006.
Dealing with tax challenges can be intricate and overwhelming, especially when