On how companies hide money of Superrich

A massive trove of documents, data, and recorded phone calls showing how British company Formations House works to hide money for the superrich is being reported on by journalists all over the world, with the first stories dropping at midnight on Wednesday.

On Tuesday The Times of London showed, via undercover reporting, how Formations House sets up shell companies for its clients.

McClatchy reported on how Formations House helped Iran’s national oil company avoid sanctions.

Source: Massive Leak of Data Reveals Money-Hiding Secrets of Superrich—and This Is ‘Only the Beginning’ | Common Dreams News

On busyness

People wear their busyness as a badge of honour. ‘The words “I’m terribly busy at work” act as a means of status enhancement, signalling importance and indispensability.

Source: Helen Pearson – Where Does It All Go? | Literary Review | Issue 478

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