Wednesday, 5 October, 2016
Michael Shue, Executive Director, Trust Services of Vistra Hong Kong gave his thoughts on the Panama Papers in the August edition of the Business BVI magazine.
Titled “The other side of the Panama Papers”, Michael pointed out that despite the media frenzy on the Panama Papers leak, only a small minority of them were implicated in any wrongdoing in proportion to the huge amount of documents and data leaked.
He reinforces that offshore companies are an important part of global business, and a few offshore entities or trust caught being used for illegal activities should not stop the legitimate use of such structures by the majority of businesses or individuals who use them for genuinely valid reasons.
View the full article here.