Panama Papers: How do offshore shell companies work?

Panama Papers: How do offshore shell companies work?

Assessment

Interactive Video

Science, Business

11th Grade - University

Hard

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The video discusses the concept of tax havens, like Panama, which exist globally to help individuals and companies avoid regulations and taxes. It explains the role of shell companies, which are often used as intermediaries to own wealth and assets. While setting up a shell company is legal and can have legitimate purposes, such as saving for a business or keeping projects confidential, they are frequently used to exploit tax and legal loopholes due to minimal identification requirements, allowing owners to evade scrutiny.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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