8 years ago
New Treasury rule could make it easier to hide money in the US, critics say
The US Treasury is re-examining its policies regarding shell companies, which can serve as tax havens for the rich, in the wake of the leak of 11.5m documents from the Panama-based law firm Mossack Fonseca. Experts, however, are worried that instead of limiting the ability to hide wealth, one rule under review could actually enhance it. At the moment, firms like Mossack Fonseca can provide their clients with officers and shareholders for their shell companies..
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