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Shell companies Feature photo
Gaming the system

Anti-Laundering Bill Targeting Shell Companies Stalled in Senate as Big Banks Caught Cooking Books

Trump Has Yet To Disentangle Himself From His Private Empire

A look at what’s known about what Trump has and hasn’t tried to resolve his business entanglement before his swearing-in.

January 9th, 2017
Associated Press
January 9th, 2017
By Associated Press
FILE - In this Dec. 7, 2016 file photo, Vice President-elect Mike Pence, left, and Jared Kushner, second from right, depart from Trump Tower, in New York. AP/Andrew Harnik)

WASHINGTON (REPORT) — President-elect Donald Trump pledged to step away from his family-owned international real estate development, property management and licensing business before taking office Jan. 20. With less than two weeks until his inauguration, he hasn't stepped very far. Trump has canceled a handful of international deals and

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5 Key Points About The Panama Papers, 4 About Tax Havens

One of the most shocking revelations is that U.S. protected multinationals and many of their allies around the world have US$32 trillion in tax havens.

April 5th, 2016
teleSUR
April 5th, 2016
By teleSUR
A marquee of the Arango Orillac Building lists the Mossack Fonseca law firm, in Panama City, Monday, April 4, 2016. Panama's president says his government will cooperate "vigorously" with any judicial investigation arising from the leak of a vast trove of information on the offshore financial dealings of the world's rich and famous. An international coalition of media outlets Sunday published investigations it said stemmed from the leak of 115 million records kept by the Panama-based law firm Mossack Fonseca on behalf of clients. (AP Photo/Arnulfo Franco)

The Panama Papers 1. The Panama Papers are a massive and historic leak of confidential documents that reveal how the rich and powerful from many countries around the globe use tax havens to hide their wealth. 2. About 140 high-level officials and millionaires, and about 113,000 shell companies are exposed in the documents, including at least 12

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Delaware To Remain U.S. “Shell Corporation” Capital

Paper companies are the “getaway cars for global financial crime,” and new legislation is unlikely to do much to resolve the issue — especially not in Delaware.

June 19th, 2014
Carey L. Biron
June 19th, 2014
By Carey L. Biron
Delaware

WASHINGTON --- Civil society groups are dismissing as inadequate proposed legal reforms in Delaware aimed at tightening transparency requirements in the state, one of the world’s most important homes to anonymous “shell” corporations. Delaware’s loose regulations, coupled with the state’s aggressive positioning of itself as corporation-friendly,

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