Global Elite Hide Money from Their Exes in Tax Havens
The recent Panama Papers leak revealed how the global elite use offshore companies in tax havens to send money abroad to keep it away from their future exes. These high-flyers are seeking to make sure their soon-to-be ex-wives and husbands don’t obtain half of their fortunes after a breakup.
Spouses in divorce proceedings often use multiple trusts, shell companies, and other legal machinations to make it hard and expensive for the court and spouse to track down the money. This is done to emotionally and financially drain the other spouse into accepting a lower settlement offer (than they are legally entitled to).
Similar posts you may like
- Campione d’Italia
Campione d’Italia is a municipality of the Province of Como in the Lombardy region of Italy. This postage stamp exclave only totals 1.6 km2 Read more
- Andorra
Capital city: Andorra la Vella Currency: Euro (EUR) Read more
- Tax Planning Strategy 151 | Tax Incentives for Early Stage Investors
Malcolm Turnbull’s Innovation Statement released on 7th December 2015 provides tax incentives for early stage investors. The tax incentives will encourage early stage investment Read more
- Offshore Trusts
Trusts involve a settlor transferring (or ‘settling’) assets (i.e. the ‘trust property’) on the trustees. The trustees manage the assets for the benefit Read more
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2