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Panama Papers showed a significant fraction of EU officials stash money in low tax havens. Icelands PM resigned as a result. The Panama Papers was a leak of ter
by peter303 10y ago
Panama Papers showed a significant fraction of EU officials stash money in low tax havens. Icelands PM resigned as a result. The Panama Papers was a leak of terabytes of documents from a legal office who sets up these corporations and accounts.
Ironically the USA is a top tax haven due to anonymous shell corporations you can create in several states. Lots being stashed here due to anomymity and economic safety.
- tvanantwerp 10y agoThe US is a pretty poor corporate tax haven. Our corporate rates are higher than pretty much everybody in the EU (including soon-to-be-out-of-the-EU Britain). It's one of the major contributing factors to corporate inversions (the moving of corporate headquarters out of the US) and companies like Apple not bringing overseas profits back to the US.