A consortium of investigative reporters has just published a unique investigation into offshore tax havens. Part of the investigation used undercover work that eventually led to the arrest of a man alleged to be involved in a money-laundering scheme.
Reporters with the Organized Crime and Corruption Reporting Project, which covers the Balkans and Eastern Europe, looked at schemes that stretched from Eastern Europe to New Zealand, Cyprus, Seychelles islands and to the US state of Delaware.
The project exposed schemes that helped people hide company ownership, avoid taxes,
and skirt monopoly laws.
The CBC and the Globe and Mail have been following the case of tax havens in Switzerland that have attracted Canadian investors. This is an interesting complementary investigation that looks at how some people use the desire of international investors to hide assets to their own advantage.
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