It’s fine for anyone to have multiple concurrent jobs as long as all their employers know about it. Hiding things is where people get into trouble (and not just with jobs).
It's a holding company for the CEO's assets. Virtually everyone worth $10 million+ has one.
When and why did people become so conspiratorial and see boogeymen in everything they don't grasp?
https://www.cbc.ca/news/politics/panama-paradise-pandora-pap...
Furthermore there's a reason rich people flock to places like Delaware, Washington, or California. Those states all have tax schemes that allow the wealthy to pay the least amount of taxes.
Hell us rubes even suffer through coach so that the ultra wealthy's luxury jets are subsidized.
https://www.businessinsider.com/ultra-wealthy-private-flyers...
We understand exactly what they're doing, just because we don't agree with it doesn't make us ignorant or uneducated.
Washington and California are two massive economies, so it's no surprise that rich people flock there.
If this CEO wanted to register a shell company to dodge taxes, he would have done it in better places than Southlake, Texas [1]. Anyone can register an LLC as long as they have valid identification and pay the $300 Texas filing fee...nothing nefarious.
Talking about the Panama Papers will be a long story, but notice how relatively few Americans are on that list. It was mostly people from developing countries with weak rule of law and high levels of corruption...the type where rich folks hide assets to avoid the government or rival business goons coming for it, and it's much easier to cheat taxes in those countries because of weak law enforcement.
They punish the poor more than the rich in both those states. That's why they flock there and the size of their economy is a side effect of that.
It has low taxes for people who've lived there a long time.
"act as Treasurer for my local church"
I'd get…?
Three jobs ago I also had a very small side consulting gig that came along after I'd been hired, so I had to get it cleared. It was at the behest of one of their board members though, so it really wasn't a hassle...