15
10
05
00
95
90
80
85
12,000
9,000
6,000
3,000
0
Mossack Fonseca incorporations by year
Anguilla
Bahamas
Samoa
Seychelles
Panama
Incorporations spiked after 2003 as shell companies were set up to legally avoid a new tax on Swiss bank accounts
British Virgin Islands
Niue
15
10
05
00
95
90
80
85
12,000
9,000
6,000
3,000
0
Anguilla
Niue
Seychelles
Mossack Fonseca incorporations by year
Bahamas
Samoa
Panama
British Virgin Islands
Incorporations spiked after 2003 as shell companies were set up to legally avoid a new tax on Swiss bank accounts
2015
2010
2005
2000
1995
1990
1980
1985
12,000
9,000
6,000
3,000
0
Bahamas
Samoa
Seychelles
Mossack Fonseca incorporations by year
Anguilla
Panama
British Virgin Islands
Niue
Incorporations spiked after 2003 as shell companies were set up to legally avoid a new tax on Swiss bank accounts
2015
2010
2005
2000
1995
1990
1980
1985
12,000
9,000
6,000
3,000
0
Bahamas
Samoa
Seychelles
Mossack Fonseca incorporations by year
Anguilla
Panama
British Virgin Islands
Niue
Incorporations spiked after 2003 as shell companies were set up to legally avoid a new tax on Swiss bank accounts