PANDORA PAPERS SHOWS REPUTATIONAL AS WELL AS CRIMINAL RISKS OF USING OFFSHORE FINANCIAL SERVICES
October 2nd, 2021
The huge offshore finance leak unveiled last month (October 3) by the International Consortium of Investigative Journalists (ICIJ) has highlighted the risks major companies face when doing business in offshore jurisdictions. Keith Nuthall and Andreia Nogueira report.
Major companies undertaking international business must comply with increasingly tough beneficial ownership transparency laws, and risk reputational damage if they are associated with particularly elaborate devices to avoid tax, even if it is legal. Of course, the line between legal ...
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