Imagine if your biggest struggle in the morning was deciding which mansion to call home tomorrow or which celebrity couple to let borrow your yacht. These are the daily conflicts faced by the ultra-well-heeled individuals who constitute one percent of the world’s population but own more than half of global wealth. Their substantial but often opaquely quantifiable fortunes, gained through means legitimate, illegitimate, and everything in-between, are often nested within trusts and charities constructed by accountants and lawyers skilled at hiding money. Similar to the revelations made last year upon the release of the so-called Panama Papers, the recent disclosure of documents obtained by a German newspaper relating to Appleby, one of the world’s top offshore law firms, shines an illuminating light on the fiscal orchestrations of more than 31,000 Appleby clients. Click the link below for the juicy details…
https://www.nytimes.com/2017/11/07/world/offshore-tax-havens.htm
