Blackwater went offshore to escape - NYT
From the New York Times:
Blackwater Worldwide created a web of more than 30 shell companies or subsidiaries in part to obtain millions of dollars in American government contracts after the security company came under intense criticism for reckless conduct in Iraq, according to Congressional investigators and former Blackwater official.
It is the usual offshore theme: if you don't like the rules of democratic society, go to a tax haven where anything goes, and you can hide what you are doing. So:
The Senate Armed Services Committee this week released a chart that identified 31 affiliates of Blackwater, now known as Xe Services. . . The network of companies — which includes several businesses located in offshore tax havens — allowed Blackwater to obscure its involvement in government work from contracting officials or the public, and to assure a low profile for any of its classified activities, said former Blackwater officials.
We don't yet have details of which tax havens, as they haven't been released yet.
Blackwater Worldwide created a web of more than 30 shell companies or subsidiaries in part to obtain millions of dollars in American government contracts after the security company came under intense criticism for reckless conduct in Iraq, according to Congressional investigators and former Blackwater official.
It is the usual offshore theme: if you don't like the rules of democratic society, go to a tax haven where anything goes, and you can hide what you are doing. So:
The Senate Armed Services Committee this week released a chart that identified 31 affiliates of Blackwater, now known as Xe Services. . . The network of companies — which includes several businesses located in offshore tax havens — allowed Blackwater to obscure its involvement in government work from contracting officials or the public, and to assure a low profile for any of its classified activities, said former Blackwater officials.
We don't yet have details of which tax havens, as they haven't been released yet.
posted by TJN at 12:27 am
1 Comments:
Trythis.
It would appear that most of it isn't offshore, but is in the US's own notorious tax haven and secrecy jurisdiction - the state of Delaware.
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