The only people who use holding companies that make true ownership a secret are people who have something to hide. It is not a stretch to say that they may well be acting against the public interest.
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Cleaning Up the World: End Dirty Money
Posted April 4th, 2016 at 10:51 am (UTC-4)
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‘Panama Papers’ Blockbusters Make Waves Abroad, but Secret Money Is a U.S. Problem too
Nevada, Wyoming and South Dakota have all passed laws making it easier to set up shell companies — and harder to identify the real owners. Bankers say that has actually prompted a flow of foreign assets from traditional tax havens such as Zurich and Bermuda to less elegant banking centers like Reno and Sioux Falls.