Marketplace helps you stay financially responsible all year, now we need YOUR help to keep our budget on track.
Donate NOW to help us hit our target of 2,500 Marketplace Investors by June 30!
The “Panama Papers” are raising questions about rich and powerful people across the globe using shell companies to stash their wealth. The leaked documents are largely about rich individuals, but high-profile companies use shell companies too.
A shell company is a legal entity that can certainly be shadowy, but is not necessarily good or evil. They can help corporations illegally hide income and evade taxes, or much worse. But shell companies can also help regular companies do lawful business.
Firms often set them up when they want to move quietly, such as a real estate company that wants to buy up multiple properties without signaling its intention, or a tech company that wants to camouflage its next move from competitors. Using a shell company can be preferable in certain situations involving raising capital or expanding overseas. And of course, companies use them to reduce tax burdens in ways that are legal, though extremely controversial.
Click the audio player above to hear the full story.
If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.
When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.