A HUGE hat tip to the investigative journalists over the intensive and dedicated work on exposing tax evaders and money laundering across the globe.The Big Picture: Real estate in some of the world’s most coveted neighborhoods is owned by anonymous companies registered in notoriously secretive jurisdictions, like the British Virgin Islands (BVI).
Behind many of these offshore firms are political elites — including heads of state — who are often trying to avoid taxes or, in some cases, launder money.