DeYaKen
Literotica Guru
- Joined
- Sep 3, 2011
- Posts
- 2,231
There are many tax havens around the world, including in some US States. The Panama Papers are the very small tip of the enormous iceberg.
Switzerland, Luxemburg, the British Virgin Islands, Gibraltar, Monaco, the Channel Islands, the Isle of Man, Hong Kong... I could go on and on with a list of places that offer significant tax advantages depending on where you live and what taxes you are trying to avoid.
Most are perfectly legitimate, but some will accept proceeds of crime.
Prominent US citizens hardly showed in the Panama papers. The Icelandic Prime Minister Resigned, The British Prime minister is forced to reveal details of his income and tax payments. Putin's aides and half the Chinese government are caught hiding their cash. Still no prominent Americans. Are citizens of the US more upright, honest and committed to paying their taxes? It seems not. They have better secret tax havens in their own backyard.
http://www.newsmax.com/Finance/StreetTalk/united-states-panama-tax-haven/2016/04/10/id/723175/
http://www.newsmax.com/Finance/StreetTalk/Tax-media-Panama-Geffen/2016/04/07/id/722873/