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Search results for "international business companies" ...
Mother Jones tell us how the rich hide their money from IRS and others in overseas bank accounts. Many small nations, such as Bahamas and Nevis, act as tax havens by offering offshore banking. Wealthy Americans open international business companies which are shell companies that often conduct no real business. The setting up of these companies is usually fast and cheap and these countries do not require them to file any annual or corporate reports.