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
- Chile
Chile is a South American country bordering Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in Read more
- Luxembourg
Capital city: Luxembourg City Currency: Euro (€) Read more
- Estonia
Capital city: Tallinn Currency: Euro (€) Read more
- Antigua
In 2006 the United States legislated the Unlawful Internet Gambling Enforcement Act which criminalised the operations of offshore gambling operators which take wagers from 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