He Won't Tell You His Name, But He'll Help You Hide Your Money : Planet Money : NPR:
We set up our shell companies. Then we wondered: What do people actually do with shell companies?
One popular use, it turns out, is what professionals call "asset protection." Ordinary people call this "hiding money."
That's debatable. What's not debatable: All these tricks are within the law. "It's legal," one lawyer said to me. "Is it moral? That's a question for the bishop."