Pandora Papers: "The millions of documents about clients in tax havens have one thing in common: companies and individuals from the United States (U.S.) are not on the list of those related"

Cuba Si said:

WHAT A COINCIDENCE!

The millions of documents about clients in tax havens have one thing in common: companies and individuals from the United States (U.S.) are not on the list of those related. Several media analyzed the reasons behind this peculiarity.

North Americans are present in many tax havens and tax evasion is nothing new for the U.S. economy, states the Political newspaper. However, the leak of the Panamanian legal company Mossack Fonseca does not contain data on North American clients.

Some analysts believe that U.S. citizens are more competent in concealing their transactions, and the core of the matter lies in their national preferences and changes in global financial policy.

Rich North Americans often hide their money in other tax havens, such as Bermuda, the Cayman Islands, or the British Virgin Islands. All these territories have English as their official language and legislation directly derived from Anglo-Saxon law, which facilitates contacts with customers from the United States.

In addition, there are ideal places within the U.S. such as the states of Delaware and Nevada that allow you to easily create shady companies, which is why the North American country is already on the lists of the largest tax havens. [https://cubasi.cu/en/article/pandora-papers-where-are-north-americans]