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
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 ...