NPR : News

NYT Excerpt: Offshore Banking In Belize

This week in The New York Times Magazine, Adam Davidson opens a hard-to-trace offshore company in Belize, which turns out to be a piece of cake:

"Setting up the company was a lot cheaper than I expected. A&P charged $900 for a basic Belizean incorporation and another $85 for a corporate seal to emboss legal documents. For $650 more, A&P offered to open a bank account to stash my fledgling operation's money in Singapore — a country, the Web site also noted, that 'cannot gather information on foreigners' bank accounts, bank-deposit interest and investment gains under domestic tax law.' And for another $690, it offered to assign a 'nominee' who would be listed as the official manager and owner of my business but would report to me under a secret power-of-attorney contract. Then an A&P associate asked me to fill out the incorporation information online, just so she wouldn't type in anything incorrectly. The whole thing took about 10 minutes."

Read the full column to find out what happened next, and why offshore companies are so popular — and so hard to monitor. And we'll have more soon on setting up our own offshore company.

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

NPR

After Sketchy Science, Shark Week Promises To Turn Over A New Fin

Shark Week is here, and scientists are afraid. Not of the toothy swimmers — but of inaccuracies, bad science and the demonization of animals that aren't as ferocious as Discovery Channel has made out.
NPR

Do Try This At Home: 3 Korean Banchan (Side Dishes) In One Pot

If you've ever eaten at a Korean restaurant, you're used to the endless side dishes that come out with the meal. They're called banchan, and they're remarkably simple to make for yourself.
WAMU 88.5

Cutting Local Taxes in The District

The D.C. Council has taken steps to accelerate tax cuts for all income earners. They're part of a broader overhaul of the city's tax levels, but some council members argued there wasn't enough time for a rigorous debate about the new schedule. We explore the debate over cutting taxes for D.C. residents and how it affects the city's ability to pay for critical local services.

NPR

Reddit CEO Says Miscommunication Led To Blackout Protest

A user revolt briefly shut down the social site last week after a key employee was dismissed. Interim CEO Ellen Pao says the company has "apologized for not communicating better" with site moderators.

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