The Hong Kong office of the law firm Mossack Fonseca, which was embroiled in the Panama Papers scandal last year. Picture: AP
The Hong Kong office of the law firm Mossack Fonseca, which was embroiled in the Panama Papers scandal last year. Picture: AP
Jason Wordie
Opinion

Opinion

Then & Now by Jason Wordie

How the ultra-rich get richer thanks to tax havens such as Hong Kong and Monaco

Be they mainland Chinese, French or British, many of Hong Kong’s ‘permanent’ residents use its status as a tax haven to hide their wealth or to avoid paying higher tax in their own countries

The Hong Kong office of the law firm Mossack Fonseca, which was embroiled in the Panama Papers scandal last year. Picture: AP
The Hong Kong office of the law firm Mossack Fonseca, which was embroiled in the Panama Papers scandal last year. Picture: AP
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