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How to set up a corporate tax shell, with YouTube video

Setting up in offshore tax haven of Panama as easy as ABC, intern learns.

How to set up a corporate tax shell, with YouTube videoby Public Citizen

Staff at US consumer advocacy organization Public Citizen recently wondered just how easy it was to set up a corporation in Panama to dodge taxes. They asked their Global Trade Watch division's star intern Jessica to give it a try.

Jessica, a college sophomore, sprung into action last week seeking to answer the question: how hard is it to set up a tax-dodging corporation in Panama? See the results in this video below.

Another question on Public Citizen's mind: with millions angry over bank bailouts and bailout fraud, why would Congress approve a leftover Bush NAFTA deal with Panama - a nation notorious for helping corporations escape paying their fair share?

Public Citizen is a US national, nonprofit consumer advocacy organization founded in 1971 to represent consumer interests in Congress, the executive branch and the courts.

Links and sources
  Public Citizen website

Posted: May 14, 2009

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