Offshore corporations: The secret shell game

Offshore corporations have one main purpose - to create anonymity. Recently leaked documents reveal that some of these shell companies, cloaked in secrecy, provide cover for dictators, politicians and tax evaders.
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Offshore corporations have one main purpose - to create anonymity. Recently leaked documents reveal that some of these shell companies, cloaked in secrecy, provide cover for dictators, politicians and tax evaders.

Massive leak exposes how the wealthy and powerful hide their money

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Panama Papers 2.0

A new leak of data from the embattled law firm Mossack Fonseca shows it scrambling to contain the crisis triggered by the April 2016 leak of the Panama Papers — struggling to find true owners of mysterious companies, dealing with angry clients trying to quickly transfer their business and cutting a deal to bring in income even as it transferred its U.S. clientele to a Delaware-based company.

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March 27, 2016 02:00 PM