Offshore Leaks : ‘Thunder over tax havens’
5 April 2013
Tribune de Genève
According to the daily, the Swiss section of the “Offshore Leaks” tax haven investigation reveals the involvement
of more than 300 people and 70 companies, including 20 banks and numerous financial intermediaries who ordered the creation of offshore companies to shelter the accounts of foreign nationals. [The bank] UBS opened 2,900 offshore companies in a dozen jurisdictions, via Portcullis Trustnet, a Singapore based company, which is active in a dozen jurisdictions including the Cook Islands and the Cayman Islands. Credit Suisse was responsible for the opening of 700 companies.