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Offshore – not as foreign as it sounds.
Offshore, tax avoidance, trusts. Words of the week as 11 million confidential documents from the Panama based lawyers Mossack Fonseca were leaked to a German newspaper Suddeutsche Zeitung and analysed by the International Consortium of Investigative Journalists. The 215,000 trusts, companies, and foundations identified are not all owned by world leaders, celebrities, and politicians. There are unknown people of fairly modest wealth there too. What should we do if an accountant or adviser suggests to us that offshore is not as foreign as it sounds?
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