{"id":33032,"date":"2016-04-05T07:17:52","date_gmt":"2016-04-05T06:17:52","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=33032"},"modified":"2016-04-05T07:17:52","modified_gmt":"2016-04-05T06:17:52","slug":"why-are-there-so-few-us-details-in-the-panama-papers","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2016\/04\/05\/why-are-there-so-few-us-details-in-the-panama-papers\/","title":{"rendered":"Why are there so few US details in the Panama Papers?"},"content":{"rendered":"<p>There is a lot of speculation, and even conspiracy theory, circulating on why the Panama Papers leak does not appear to address US issues. Let me offer a simple and, I think, wholly plausible explanation.<\/p>\n<p>The simple fact is that US tax clients prefer to use Cayman and Bermuda to the BVI or the Bahamas. That's nor surprising: law in Cayman and Bermuda is designed to suit US markets. The BVI is generic but definitely UK law focussed, also making it familiar to many in Europe.<\/p>\n<p>Mossack Fonseca, for whatever reason, did not seem to service the US focussed markets: the omission of information may be for that simple reason. I suspect someone else in Panama was the US market specialist. They've not been hacked, yet.<\/p>\n<p>This may be simplistic. But I also happen to think it may well be right.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There is a lot of speculation, and even conspiracy theory, circulating on why the Panama Papers leak does not appear to address US issues. Let<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2016\/04\/05\/why-are-there-so-few-us-details-in-the-panama-papers\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89,80,32,97],"tags":[],"class_list":["post-33032","post","type-post","status-publish","format-standard","hentry","category-bvi","category-secrecy-jurisdictions","category-tax-havens","category-tax-justice"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/33032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=33032"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/33032\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=33032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=33032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=33032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}