Everything you need to know about the Pandora Papers
there is low or no corporation tax
Although having secretive offshore assets is not illegal, using a complex network of secret companies to move around money and assets is the perfect way to hide the proceeds of criminality. Ms Kumar said it is detrimental to the rest of society: "The ability to hide money has a direct impact on your life... it affects your child's access to education, access to health, access to a home."The UK has been criticised for allowing property to be owned by anonymous companies overseas.
It said criminal investigations are often "hindered" because police cannot see who ultimately owns properties.
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