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i don't know the specifics of this particular person but not all people in the panama papers are "evil" or dodging taxes but just people that are high profile b
by weaksauce 4y ago
i don't know the specifics of this particular person but not all people in the panama papers are "evil" or dodging taxes but just people that are high profile but need anonymity for one reason or another. film crews use shell corps for legitimate reasons because if the people they were coming to to rent a venue or rent some stuff for a shoot were to know the reason for the rental they would jack up the price to AAA blockbuster movie prices instead of the normal rate. they probably should be paying those blockbuster rates but it is not illegal per se.
- boomboomsubban 4y agoHaving a shell corporation isn't inherently illegal, but having one in a different country is pretty damn sketchy. If you're a film crew you could register a new local company to get the same anonymity.
- Arnt 4y agoMy (now ex-)lawyer disagreed with you. "Money is international", he said, and "if you're going to own some Nestlé shares, it doesn't matter whether you own them through a shell in this country or that." The most important factor according to him was that the shell company should be in a country with a stable, predictable taxman.
- boomboomsubban 4y agoThis is saying "you shouldn't care if you pay the tax to your nation" which may not be illegal but is definitely sketchy.
- Arnt 4y agoI think you misunderstand. He didn't talk about tax sums but rather about tax rules. About whether the tax rules for the financial year 2023 are known well before the start of that year. (BTW, he also said that location choice would not avoid Norwegian taxes. I lived in Norway at the time. Defer taxes yes, avoid no. A lot of people confuse deferring and avoiding.)