Pandora Papers open the box of offshore secrets

https://m.dw.com/en/pandorapapersworldleaderstonyblairkenyattashakirasachintendulkartaxhavensleaks/a-59376192

Why tax havens are problematic

Here’s how offshore companies work: For prices starting at just a few hundred dollars, providers can help clients set up an offshore company whose
real owners remain confidential.

Alternatively, for a fee of $2,000 to $25,000, they can set up a trust that, in some
instances, allows its beneficiaries to control their money while being not legally responsible for their actions. A bit of paper-shuffling and “creativity” help shield assets from creditors, law enforcement, tax collectors and ex-spouses…

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