Curaçao also appears in the Panama Papers
WILLEMSTAD - Newspapers in several countries announced yesterday evening the results of a global investigation on tax havens. Curacao also appears in this so-called Panama Papers.
Panama Papers is a massive leak of more than 11.5 million documents that exposes the offshore accounts of current and former world leaders. The report exposes hidden information about how banks and lawyers hide dealings with people such as prime ministers, plutocrats and criminals.
According to the documents, Curaçao helped as an intermediary in setting up offshore companies.
The investigation is based on documents, e-mails and spreadsheets from the leaked records of a legal consultancy in Panama: Mossack Fonseca & Co.
Possession of an offshore company is not prohibited. But because tax havens hardly disclose information about the property, such companies are ideally suited for evading taxes or other illegal practices.