Thursday February 20, 2020

Just because Panama is legal doesn’t make it right

The use of offshore tax havens may be onside in a legalistic sense, but not in a moral one

10th April, 2016
Detials of off-shore accounts were leaked last week Pic: iStock

Last week’s disclosures of offshore havens for anonymous funds raises more questions than it answers. It seems to me the only way to tackle these questions is to break them down to their component parts.

I am weary of hearing that “the use of offshore vehicles is perfectly legal”. It is, but plenty of things are legal. That doesn’t make them right. “Legal” simply means what the law allows, and that’s often a...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

State catching up with higher-than-average increase in number of new companies

Rachel Lavin | 15 hours ago

Refusing to discuss Irish unity no longer makes any sense for the DUP –talking about a united Ireland is not the same as supporting it

Deirdre Heenan | 4 days ago

A Sinn Féin-led government would have many implications for the country, from tax on banks to the housing market to a border poll

Ian Guider | 4 days ago