How Business Titans, Pop Stars and Royals Hide Their Wealth


Serving a Growing Elite

Founded in 1898 by a British officer, Maj. Reginald Appleby — an avowed opponent of taxation — Appleby now has offices in nearly all the world’s tax havens: Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Hong Kong, the Isle of Man, Jersey, Mauritius, the Seychelles and Shanghai.

Such locations offer low or zero tax rates, companies consisting only of a postbox, and accountants and lawyers skilled at hiding money.

In a statement, Appleby said the firm had done nothing wrong. “We are an offshore law firm who advises clients on legitimate and lawful ways to conduct their business,” the statement said. “We do not tolerate illegal behaviour.”

Income Rises for the Wealthy

... read more at: https://www.nytimes.com/2017/11/07/world/offshore-tax-havens.html

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