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Mossack Fonseca – The Panama Files

The Facts about Panama and other tax Havens like the  United States Let’s review the facts of offshore asset protection: It’s not illegal. There are plenty of reasons to open a bank account or a corporate structure in another country, like a limited liability company (LLC), in an offshore jurisdiction, especially if you are in a lawsuit-prone profession like medicine or have investments that the investors come from different tax jurisdiction. One of the valid reasons for operating offshore is if you just…