Emma Watson’s Name Revealed in Panama Papers
It turns out the British actress also has an offshore account.
Emma Watson was named in the Panama Papers, an enormous information leak offering the financial details of countless powerful, wealthy individuals.
Although owning an offshore account isn’t illegal or unethical, they have been used in the past by some to perpetrate illegal activity such as fraud and tax evasion.
Watson is unbothered by the revelation of her offshore account in the British Virgin Islands, explaining in a statement that the account was set up to help her maintain a degree of privacy not afforded to businesses in the UK.
Here’s her statement (via USA Today):
“Emma (like many high profile individuals) set up an offshore company for the sole purpose of protecting her anonymity and safety. UK companies are required to publicly publish details of their shareholders and therefore do not give her the necessary anonymity required to protect her personal safety, which has been jeopardised in the past owing to such information being publicly available.
Offshore companies do not publish these shareholder details. Emma receives absolutely no tax or monetary advantages from this offshore company whatsoever – only privacy.”
The Panama Papers, which made their way online last month, are the work of a network of international journalists seeking to shed light on how the super rich hide their wealth around the world.