Posted by & filed under Part 1 Business in a Global Environment, Part 6 Managing Financial Resources.

Description: For wealthy Americans looking to veil their assets and shield some of their income from taxation, there is no need to go to Panama or any other offshore tax haven. It’s easy to establish a shell corporation right here at home.

Source: NYTimes.com

Date: Apr 08, 2016

Link: http://www.nytimes.com/2016/04/08/business/need-to-hide-some-income-you-dont-have-to-go-to-panama.html?ref=business&_r=0

Questions for discussion:

  • Why do some people and corporations seek out tax havens?
  • Why do you think tax laws are so different in some states and countries?
  • If the primary goal is to collect a fair amount of taxes owed, how should the various US state and federal governments deal with this issue?

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