How to explain Offshore banking to a five year old

mystic_trev

http://www.theguardian.com/world/2016/apr/05/how-to-explain-offshore-banking-and-when-it-is-naughty-to-a-5-year-old

Brilliant!

CLAPTON

it doesn't seem to say what straight financial or tax benefit can be gained

angrypirate

Guardian should know quite well how it works - consider they do it all the time! Hypocrites.

antrobus

angrypirate wrote: »

Guardian should know quite well how it works - consider they do it all the time! Hypocrites.

But the Guardian don't have anything to with Panama.

They used the Cayman Islands.

angrypirate

antrobus wrote: »

But the Guardian don't have anything to with Panama.

They used the Cayman Islands.

Ah, that makes it better then!

CLAPTON

angrypirate wrote: »

Ah, that makes it better then!

of course it's different : The Caymans are British

angrypirate

CLAPTON wrote: »

of course it's different : The Caymans are British

Still offshore and tax dodging.

CLAPTON

angrypirate wrote: »

Still offshore and tax dodging.

what taxes are being dodged?

angrypirate

CLAPTON wrote: »

what taxes are being dodged?

http://order-order.com/2016/04/04/media-organisations-using-offshore-havens/

CLAPTON

angrypirate wrote: »

http://order-order.com/2016/04/04/media-organisations-using-offshore-havens/

they are dodging tax by establishing themselves as an overseas company and not because they have a piggy bank there.

However it is good fun to see the Guardian mentioned.

Malthusian

Not sure why the Guardian even needs to use offshore tax havens when they lose money hand over fist. (He said innocently)