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Panama Leaks: Emma Watson holds offshore company, not for tax evasion

LONDON- With the massive data outbreak by Panama leaks, several high profile names like celebrities and political figures have been disclosed. Another celebrity, the Harry Potter actor, Emma Watson has also been listed for holding an offshore company.

According to International media, Harry Potter actor, Emma Watson’s name has also been listed in a database containing details of Panama leaks. But Watson’s spokesperson clarified and also admitted that the 26 year old actress holds an offshore company but she does not receive any tax or money advantages out of the company.

The purpose for setting up this company is to retain her privacy. “Emma (like many high profile individuals) set up an offshore company for the sole purpose of protecting her anonymity and safety,” says her spokesperson in a statement.

“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 jeopardized 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“Offshore companies do not publish these shareholder details.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,” says the spokesperson.

The database is the largest ever trove of data about offshore companies to be made publicly available.