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.
by 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.