[dsfyu404ed]

>But tracking down holding companies consumes precious resources, and would be strategic, not just legal, decision.

And 9x/10 when you track down Perwinkle LLC you'll find that it's owned by a couple American brothers who own a successful regional HVAC business and everything they are doing is legal.

People love to act as if all this offshore stuff is frequently closely connected to illegal things but if you just randomly pull samples you'll be hard pressed to find anything that isn't just a case of someone completely legally doing what the law incentivizes. If there was actually anywhere near as high a crime to not-crime ratio as people imply every bureaucrat with political ambitions would be all over it.

[pyuser583]

Some people legitimately want privacy.

There was a minor scandal a while back when it became clear Queen Elizabeth was using exotic techniques to hid her assets.

She wasn’t doing anything wrong. She just didn’t want people conflating her private assets with her royal persona.

Even Jeremy Corbyn (socialist, republican, then-head-of-Labour) didn’t criticize her for it.

She just didn’t want the public snooping in her private business.