International Tax Police Find New Culprit to Target: Law Firms
As usual, the media outlets running these perennial “exposés,” usually at the bidding of OECD bureaucrats (who ironically get tax-free salaries) and government officials from high-tax nations, are barking up the wrong copse of trees.
It may be the case that foreign-based law firms like Mossack Fonseca are easy and salacious targets, notwithstanding the mundanity of the work they do and the critical role they play in helping the global economy operate efficiently. But the narrative being advanced by international media outlets suggesting that these firms are breaking the law, or helping others do the same, is belied by the fact that none of them have actually been charged with any crime. Unfortunately, stories about law firms that follow the law don’t typically sell many newspapers.