Princeton’s offshore accounts are legal
The release of the Paradise Papers in early November has raised many concerns about tax evasion. The findings, which The New York Times described as emerging from a “cache of secret corporate records” from multinational law firm Appleby, expose dozens of companies and wealthy elites that use tax havens. Apple Inc., according to the same article, “has accumulated more than $128 billion in profits offshore, and probably much more, that is untaxed by the United States and hardly touched by any other country.” Princeton is among the named entities that use tax havens.