It's so easy to set up a tax haven in Panama, even an intern could do it

This is Jessica, an intern in Public Citizen’s Global Trade Watch division. She and the crew over there did this video to show how easy it is to set up an offshore tax shelter. The answer to that questions after a couple calls to attorneys in Panama? Easy. Very easy. Yes, the conversation in the video is real. No, she didn’t actually set the corporation up. But she could have and that’s one of the arguments against a NAFTA-type expansion to Panama. Read more about the issues at our sister blog, Eyes on Trade.

About these ads