Five Good Reasons for Secrecy

It is the theory of journalism that everything is the business of everybody. A desire for secrecy is met with suspicion, as though there are no good reasons for people to keep things secret. The concept is brought into focus by about eleven million documents were stolen from Panamanian law firm Mossack Fonseca being reported as the documents being “leaked” by journalists and broadcasters who have unhealthy high opinions of themselves and their own moral purpose.

 

There are many corner of the world where “off shore” companies can be established. The Channel Islands, the Isle of Man and Monaco have been at this game far longer than has Panama. The United Kingdom and France, despite all their self-proclaimed efforts of prevent tax fraud, have allowed these jurisdictions to continue, rather in the same way that Panama has operated. Continue reading