Panama Papers: How do offshore shell companies work?
Interactive Video
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Science, Business
•
11th Grade - University
•
Hard
Wayground Content
FREE Resource
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary reason people use tax havens like Panama?
To promote international trade
To avoid regulations and taxes
To support local economies
To increase their wealth
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key characteristic of shell companies?
They exist only on paper
They are physical entities
They are always illegal
They require extensive identification
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it challenging to determine the true owner of a shell company?
They are registered in multiple countries
They have a complex organizational structure
They are owned by governments
They are always changing names
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a legitimate reason for setting up a shell company?
To evade taxes
To save funds for a business
To manipulate stock prices
To hide illegal activities
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do shell companies help their owners evade scrutiny?
By being highly transparent
By requiring minimal identification
By being government-owned
By operating in multiple industries
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