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It sounds like tax evasion was a motivating factor in needing the privacy. > Other correspondence points to the primary reasons many clients were using offshor
by everdev 8y ago
It sounds like tax evasion was a motivating factor in needing the privacy.
> Other correspondence points to the primary reasons many clients were using offshore structures.
> One Uruguayan financial planner commented: "…the main purpose of this type of structure has been broken: confidentiality".
> Another intermediary wrote: "… the names of our customers have been known by the authorities of their countries. Thanks to Mossack, customers have to pay incomes taxes."