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A question I find myself wondering if society will seriously consider as a result of this leak: Should shell corporations be outlawed everywhere? There are ce
by karmelapple 11y ago
A question I find myself wondering if society will seriously consider as a result of this leak:
Should shell corporations be outlawed everywhere?
There are certainly legitimate reasons[1] for wanting a shell corporation, but is society more demanding of transparency and willing to reject the idea of shell corporations as a legitimate net good for society?
[1] http://www.vox.com/2016/4/5/11361992/panama-papers-authoritarianism http://www.vox.com/2016/4/5/11361992/panama-papers-authorita...
- marcosdumay 11y agoWhat is a shell company? Because most of them are obviously shells, but if you want to outlaw something, you must define it first, and if you don't want your law being used to persecute whoever the police/government wants, you'd better have an objective and clear definition.
- karmelapple 11y agoFair question! Is there an accepted definition? I'd think something like a company that has, say, less than 3 employees, and/or has no discernible "customers." But I'm taking a wild guess.