Panama Papers: Biggest Banks Are Top Users of Offshore Services

[Sany zeth]

Offshore companies created in Panama, the British Virgin Islands and elsewhere can be impenetrable to authorities—and anyone else poking around. That has made them legitimate vehicles for wealth protection and tax planning, but also hideaways for tax dodgers, frauds and worse.
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Panama Papers: Biggest Banks Are Top Users of Offshore Services

 

[Anton]

I'm not even surprised by this news. This is truly an eye-opener for those who wanted to start a business and open a bank. Offshore accounts provides the best solution for those who are tax-burdened by their country.