That's because... It. Doesn't. Exist.
It's not elusive, it's just fake. They still do all their business in other countries like the USA, they don't actually have anyone hanging the fuck out in Panama. They just say it's in another country because it's a bunch of "oh well you can't prove it doesn't exist" malarkey every time. Panama is just one country that is very open to letting this happen.
This is literally what the Panama Papers were about. Rich people and shell companies headquartered in Panama to dodge taxes.
the Panama Papers
I miss these simpler scandals from simpler times.
Aren’t there a ton of US companies that essentially share a mailroom as their address somewhere in New York to a similar effect? Why would NPR be surprised? I think someone wanted a vacation.
Yup, it's the Corporation Trust Center in Delaware. 285k business have it as their address. https://en.wikipedia.org/wiki/Corporation_Trust_Center
Delaware
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