I'm reading a book called "The Laundromat" about Mossack-Fonseca and The Panama Papers "scandal" (was it really a scandal;?).
I understand the point of having an offshore company and offshore bank account. You use it to "own" money that you don't want to pay taxes on, or don't want other people to know about.
But how do you get money into these companies. I would think that even if you created an anonymous company to serve as a tax haven, there would be a record of YOU sending money to this company, so is it really that anonymous? How do people wanting the anonymity of an offshore account avoid the paper trail of getting the money TO the account in the first place?
It would help me understand this book better if I knew this.