Tag: Tax Shelters

Can Western Firms Stop Profiting From Poor Nations’ Corruption?

Isabel dos Santos’s secret to becoming a billionaire in Angola, one of the world’s poorest countries, was simple. She got her dad, José Eduardo dos Santos, Angola’s president, to give her money from the nation’s treasury. O.K., it wasn’t quite that simple. A maze of shell companies, overseas tax havens and complex management and investment […]

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How U.S. Firms Helped Africa’s Richest Woman Exploit Her Country’s Wealth

LISBON — It was the party to be seen at during the Cannes Film Festival, where being seen was the whole point. A Swiss jewelry company had rented out the opulent Hotel du Cap-Eden-Roc, drawing celebrities like Leonardo DiCaprio, Naomi Campbell and Antonio Banderas. The theme: “Love on the Rocks.” Posing for photos at the […]

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