Panama’s Paradise: A Nuanced Take On Cracking The Shells Of Rogue Offshore Tax-Evading Corporations

Muskan Vasal, Jindal Global Law School

ABSTRACT

The corporate veil protects the members of the company from being liable for the actions of the company. This concept has many advantages which has led to the growth of many firms. However, many a times it is used by members to illegally shield away their shady deeds. This paper analysis the tax evasion frauds in Panama and Paradise papers and how courts in India through case laws and legal precedents approached the concept of lifting the corporate veil to hold members of the company liable for their dubious conducts.

Comments

Indian Journal of Law and Legal Research

Abbreviation: IJLLR

ISSN: 2582-8878

Website: www.ijllr.com

Accessibility: Open Access

License: Creative Commons 4.0

Submit Manuscript: Click here

Licensing:

All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

Disclaimer:

The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.