Offshore Tax Planning Is Alive Despite Panama Leaks
Law360, New York ( April 19, 2016, 11:44 AM EDT) -- As of today, approximately two weeks following the dissemination of a massive amount of information from the storage and records of Panamanian law firm Mossack Fonseca on a global journalistic basis, most of the international tax, estate planning and asset protection firms (including those firms who establish companies) are really quite familiar with the phrase "Panama leaks." It has been widely reported that 2.6 terabytes of data and over 11.5 million client files have spread around the world like wildfire. This has in turn set the international tax and estate planning and money laundering world on fire (as well as the asset protection planning communities, by extension) with speculation of what these so-called Panama leaks mean for the future of international tax and estate planning, design and structuring....
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