It was later renamed as Pantrust in Panama and is apparently still operating from Panama today. It’s secret workings give a rare inside view of the dirty side of tax havens and the offshore world. Instead of paying up, McKague enlisted La Hougue, a secretive offshore trust company, to concoct a plan to bankrupt his own profitable business so the CRA could never collect the taxes due, according to a trove of leaked files obtained by European Investigative Collaborations and … The La Hougue documents also include a receipt for $2.2 million for the sale of the Botticelli to Kraken, noted as an asset to cover a loan Fuhrer had … With Wyler’s money, La Hougue makes a loan to the offshore company Quartz International Finance, at an interest rate of 7.5%. A leak of nearly 350,000 documents reveals the dealings of an offshore trust company called La Hougue. Who was the guiding hand? Fierce and ongoing allegations contained in legal, police and regulatory complaints show the figures in this story point fingers at each other. The La Hougue documents also include a receipt for $2.2 million for the sale of the Botticelli to Kraken, noted as an asset to cover a loan Fuhrer had taken from the company for unknown reasons. Cherbourg and St Vaast-la-Hougue – offshore sea trials. La Hougue Files: 11 ways to move move assets offshore. On May 11, 2018 May 17, 2018 By Nick Nottingham. La Hougue was a specialist operation based in the UK-linked tax haven of Jersey. Ray Blake, a compliance specialist who has advised major banks and who has examined some of the La Hougue documents, expressed concerns to the Bureau that in his opinion some of the methods could be exploited for tax evasion as well as avoidance. The leaked files of the trust company La Hougue show the firm facilitated large-scale tax evasion and money laundering, including through the manufacture of false documents. The French have had two bank holidays this week – Tuesday and Thursday – so naturally most people took the week off, myself included! The operation is unusual to say the least. Find out how La Hougue advised clients on moving money off-shore. Quartz immediately loans the $500,000 to Oxford Financial Services at a rate of 8.25%. The selected area is located more than 32 kilometres from the coast and 40 kilometres offshore from St-Vaast-La-Hougue. Jersey Offshore This is how money is laundered in Jersey. La Hougue Files: 11 ways to move move assets offshore Contributed by Frankie Goodway (The Bureau of Investigative Journalism) p. 1. And Oxford loans the money back to… La Hougue, thus completing a circular loan. 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