Re:SoftBank's Billions Spur Global Race to Pour Money into S...
by Neracked on Monday April 16, 2018 @10:59AM
(#16849409)
Only thing I could find about Softbank and paradise papers is a few lines in a NHK world article [1]:
> Telecom giant Softbank Group set up a business entity based in the Cayman Islands to operate an investment fund four years ago. The name of the company's CEO, Masayoshi Son, was mentioned in one of the documents.
> Softbank says it registered the investment fund there to avoid dual taxation for its investors.
While suspicious, this seems like too little evidence to support a broad statement such as "softbank is the acceptable face of dodgy money".
> Telecom giant Softbank Group set up a business entity based in the Cayman Islands to operate an investment fund four years ago. The name of the company's CEO, Masayoshi Son, was mentioned in one of the documents.
> Softbank says it registered the investment fund there to avoid dual taxation for its investors.
While suspicious, this seems like too little evidence to support a broad statement such as "softbank is the acceptable face of dodgy money".
[1]https://www3.nhk.or.jp/nhkworld/nhknewsline/backstories/bign...