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Daily Archives: Nov 11, 2016

Here’s how the shell companies exposed in the Panama Papers work

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Leaked documents from a Panama-based law practice have revealed how politicians, celebrities and other famous people use banks, lawyers and offshore shell companies to cover their assets. Here’s a glance at shell companies and just how they are utilised: Q What is really a shell company? A A shell company, or holding company, is really a corporation without any active ...

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