The Paradise Papers gain shed recent light on the murky world of offshore finance,revealing the arcane schemes used by the worlds wealthiest individuals and corporations. Heads of state, technology giants and government officials are among those whose interests in tax havens gain been brought into the cold light of day. Five days later, or what gain we learned?Not everyone named in the leaks was using offshore structures to avoid tax. And though it is increasingly controversial,going offshore to avoid tax is not against the law. But as Barack Obama said of the Panama Papers a year ago: ‘A lot of its legal, but that’s exactly the problem.’Continue reading...
Source: guardian.co.uk