7 years ago
3
'Emma receives absolutely no tax or monetary advantages from this ... only privacy"
The actress, currently taking a break from acting to campaign for feminism, is listed as a beneficiary of a company based in the British Virgin Islands. But Watson said the account was set up for the sole purpose of "protecting her anonymity and safety". A spokesman for the 26-year-old Harry Potter star said: "Emma receives absolutely no tax or monetary advantages from this offshore company whatsoever, only privacy."
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Lol, I'm sorry but this is just too funny. When the first batch from the Panama Papers hit and I, and several others, tried to explain that there are perfectly valid- perfectly legal reasons to use offshore accounts, everyone was lining up with torches and pitchforks, raging about the "evil corporations" and the "tax-dodging 1%'ers". Now all of sudden someone they like uses an offshore account it's all: "Trash journalism" and "a complete witch hunt".
I'm still trying to figure out what sort of privacy "advantages" you receive by having your money held offshore. I mean, I know I'm just a peasant with a local bank account -- but I don't have people regularly checking my pathetic state of affairs.
Under UK law, anyone can can get private information about officers/shareholders of companies (Name, Address, and other contact info) from a Government office for simple processing fee (around $20 US last I heard). Now while that doesn't really mean much to you or I, to celebrities who have to deal with crazy fans stalking them, it can be a real issue, so privacy is certainly a valid reason to have offshore holdings.