CNN CNN Newsroom Live October 4, 2021 04:47:00
Legal that you analyzed? >> yeah. i mean, it depends. so these companies that offer shell companies and so forth, they reside in jurisdictions where they are abiding by the laws of, say, the british virgin islands or cypress or other places around the world. and you're right, to point out that there's not anything necessarily illegal about that. but it creates a lot of problems. it leads to tax evasion. these off-shore systems are often exploited by criminals to hide ill-gotten gains, corrupt politicians, and just -- as you put it at the top of the show, i mean, just the very, very wealthy in ...
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