The paradise papers illuminate the extent of the vast, murky world of shell enti

Question

The paradise papers illuminate the extent of the vast, murky world of shell entities by: A. detailing the ways by which Russian oligarchs launder money and use it for sometimes illegal purposes. B. detiling the ways politicians, celebrities, and the ultra-rich protect their cash from taxes, hide ownership of major assets and conduct business in secret. C. showing how wealthy Americans moves money offshore into earning assets and then do not report the income on their US tax returns. D. outlining how terrorist organizations such as ISIS and AlQueda launder money and use it for nefarious purposes. E. none of the above.

Explanation / Answer

Solution: C. showing how wealthy Americans moves money offshore into earning assets and then do not report the income on their US tax returns

Explanation: A wide new leak of financial documents has indicated how the ultra-wealthy and powerful, including the Queen's private estate, secretly invest high amounts of cash in offshore tax havens.

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