It’s not illegal for Australians to set up shell companies – but it can be an offence to fail to disclose assets to the tax office
Most Australians have probably never heard of Mossack Fonseca, but their accountants probably have. The law firm has developed a reputation as a global leader in the provision of offshore services.
Related: How Mossack Fonseca worked with Australian clients linked to tax investigations
Related: Revealed: the $2bn offshore trail that leads to Vladimir Putin
Related: The Panama Papers: what you need to know
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