An honorable member of the Coffee Shop Has Just Posted the Following:
Panama Papers: $1 shell companies were set up in Singapore to continually move and hide assets
By The Independent -
April 5, 2016
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By: Roy Ngerng
Have to read the Australian, British, Hong Kong, Irish and Malaysian news to find out how Singapore is involved in the Panama Papers.
How come cannot find out anything from the Singapores newspapers ranked 153rd in press freedom ah?
Also, how come nobody seem to care ah?
For example, do you know that Singapore is one of the top 10 countries with the most active intermediaries involved in offshore tax havens?
And that Singapore is one of the top 5 worst offenders of national jurisdictions based on their secrecy laws and the scale of offshore financial activities in the country?
Irish Times reported that A Singapore company helped clients set up offshore companies and trusts in the British Virgin Islands, the Cook Islands and other tax havens.
Singapore actually has 48 clients, 135 beneficiaries, 2,275 shareholders and 4,081 companies involved one of the highest in the world.
Singapore got such companies meh? Which ones ah? I didnt know have such companies!
Vice also reported that $1 shell companies were set up in order to continually move and hide assets.
It also reported that these shell companies cant be tied directly to the politician because the company is technically owned by someone else a stand-in owner to run the company on paper, but, in reality, doesnt own anything.
Singapore doesnt have such companies, right? I dont remember!
Singapore is so clean and green wor.
Republished from Roy Ngerngs Facebook.
Click here to view the whole thread at www.sammyboy.com.
Panama Papers: $1 shell companies were set up in Singapore to continually move and hide assets
By The Independent -
April 5, 2016
By: Roy Ngerng
Have to read the Australian, British, Hong Kong, Irish and Malaysian news to find out how Singapore is involved in the Panama Papers.
How come cannot find out anything from the Singapores newspapers ranked 153rd in press freedom ah?
Also, how come nobody seem to care ah?
For example, do you know that Singapore is one of the top 10 countries with the most active intermediaries involved in offshore tax havens?
And that Singapore is one of the top 5 worst offenders of national jurisdictions based on their secrecy laws and the scale of offshore financial activities in the country?
Irish Times reported that A Singapore company helped clients set up offshore companies and trusts in the British Virgin Islands, the Cook Islands and other tax havens.
Singapore actually has 48 clients, 135 beneficiaries, 2,275 shareholders and 4,081 companies involved one of the highest in the world.
Singapore got such companies meh? Which ones ah? I didnt know have such companies!
Vice also reported that $1 shell companies were set up in order to continually move and hide assets.
It also reported that these shell companies cant be tied directly to the politician because the company is technically owned by someone else a stand-in owner to run the company on paper, but, in reality, doesnt own anything.
Singapore doesnt have such companies, right? I dont remember!
Singapore is so clean and green wor.
Republished from Roy Ngerngs Facebook.
Click here to view the whole thread at www.sammyboy.com.