The Pandora Papers leak has prompted new questions about individuals’ use of offshore financial centres for tax and corporate planning. In response, we undertook a survey of the public to better understand whether moving offshore structures back to the UK resulted in any change to an owner’s reputation, and whether the public were shocked by the Pandora Papers revelations in the first place.
- How positive an impact does tax reshoring have on an individual?
- Which generations feel less positively towards offshore structures?
- Which generations were the most surprised by the Pandora Papers?
- Is there a disparity between how men and women view UHNWIs?
In Q3 2021, Transmission Private conducted a survey to better understand whether moving offshore structures back to the UK resulted in any change in an individual's reputation. The survey resulted from polling a nationally representative sample of 2,000 members of the UK public.
Selected findings and recommendations
- 52% of people would think more positively of an individual if they 'reshored' an offshore structure to the UK.
- 66% of the youngest respondents said they were surprised that wealthy individuals used offshore financial centres.
- Within the 55 to 64 year olds group, 87% of respondents said they were not at all surprised by the information released in the Pandora Papers.
- Men sat 10 points ahead of women when asked if they were surprised by the information released in the Pandora Papers.
Plus, more raw data from our survey of 2,000 members of the public... and practical, hands-on suggestions on how to manage your risk and respond to potential issues. Download the full report below.Download the full report