I've been a bit confused about all the hubbub surrounding "The Panama Papers." Yes, the leaked documents has shown precisely which wealthy people have used precisely which off-shore tax havens, but it's certainly not news that tax havens exist and are used by wealthy people for a number of reasons. Two of the most popular tax havens are the state of Delaware and the City of London. You don't have to actually go off shore to go off-shore.
But anyway.
One interesting thing that has turned up is the ownership of a Modigliani painting allegedly looted by Nazis and possibly being reclaimed. If I'm reading the news reports correctly, the Nahmad family has claimed that they do not own the painting in question, but that it is owned by a company called IAC. Only ow it's been leaked that IAC is owned, and has been owned for decades, by the Nahmad family.
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