Keep Your Offshore Structure Secret

Aldo Gucci set up a clever offshore structure. It was intended to divert profits from his US business to low-tax Hong Kong. The structure should have worked well. It wouldn't have been illegal had it been implemented correctly.

Unfortunately, Gucci didn't keep the details of his offshore structure secret. He divulged too much to family members, who used it against him in a family dispute.

Gucci's offshore structure used a Hong Kong company that was owned by Panama companies and offshore trusts.

https://www.libertymundo.com/index.php/2023/04/24/offshore-structure/