I’m in Bermuda right now … hiding my vast wealth. 😀
According to the latest available figures, 63 percent of all the profits made outside of the United States by American multinationals are now reported in six low- or zero-tax countries: the Netherlands, Bermuda, Luxembourg, Ireland, Singapore and Switzerland. …
The NY Times has a comparatively simple article with graphics explaining how the stupidly rich hide their money … legally.
How Corporations and the Wealthy Avoid Taxes (and How to Stop Them)
How do we know?
Only one entity was sued after the Panama Papers.