“Here’s how the shell companies exposed in the Panama Papers work” by Barbara Shecter, Financial Post Financial Post quotes Toronto tax lawyer Christopher Steeves in an article that explains legitimate and illegitimate uses of shell companies.
Incorporation of a company in most jurisdictions is simple and inexpensive, according to Christopher Steeves, leader of the tax practice group at law firm Fasken Martineau DuMoulin LLP in Toronto. He says establishing a shell or holding company is generally no different than setting up any other type of company.
