What is an offshore shell company?

Monaco has the status of a tax haven. (AAP)

Monaco has the status of a tax haven. (AAP) Source: AAP

At the centre of the revelations contained in the so-called Panama Papers is a central-American law firm Mossack Fonseca that apparently set up more than 240-thousand so-called offshore companies for its clients. Nital Desai takes a closer look at how offshore business entities operate.



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