Public Citizen in the USA did a little experiment. They asked an intern to set up a Panama corporation. And they filmed her doing it:
I have no doubt the film is genuine.
Then note who promotes these things: the American Right.
When we say those from the right wing are challenging the very foundation of democratic society and the rule of law when promoting the use of tax havens, that’s no exaggeration. That’s exactly what they’re doing.
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here:
It’s even more insidious than one thinks. The Panamanian fiduciary directors sign the W-8BEN IRS forms as the beneficial owners.
One thing about Panama is that it has the Canal as a buffer against being strong-armed…
The video is a joke… It does not show who the “Panama lawyer” or US Hispanic guy with Spanish accent is … Panama law http://www.superbancos.gob.pa/aspec_prevencion/index_eng.asp requires that the lawyer have 2 bank references from the intern and if she was authorized to do the purchase, shw would still have to use a credit card which discloses her name – just like with the incorporation services in the United States.