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The Downside Of Tax Havens? Paperwork.

Unbelizable and Delawho? company documents, along with our official company stamp. Lam Thuy Vo/NPR hide caption

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Lam Thuy Vo/NPR

Planet Money

The Downside Of Tax Havens? Paperwork.

Despite all the advertising about absolute confidentiality in places like the Cayman Islands and Bermuda, if you own a company in a tax haven, you are legally required to declare it to the IRS.

The Downside Of Tax Havens? Paperwork.

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Episode 390: We Set Up An Offshore Company In A Tax Haven

Belize, the home of our brand new offshore company, Unbelizable. Nagyman/Flickr hide caption

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Nagyman/Flickr

Planet Money

Episode 390: We Set Up An Offshore Company In A Tax Haven

On today's show, we dive deep into the world of offshore companies and bank accounts.We set up our own company in an offshore tax haven, and we find out where the easiest place to hide your money is.

Episode 390: We Set Up An Offshore Company In A Tax Haven

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We Set Up An Offshore Company In A Tax Haven
Lam Thuy Vo / NPR

Planet Money

We Set Up An Offshore Company In A Tax Haven

What is striking about all the offshore services available today is that while they are totally legal, the system seems to make it easy to get away with things that are not legal.

We Set Up An Offshore Company In A Tax Haven

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