As It Happens

How to explain offshore banking to a five-year-old: a reading

At a time when the Panama Papers are making headlines around the world, it's time to get schooled on tax havens. From Redditor DanGliesack, here's our reading of 'How to Explain Offshore Banking to a Five-Year-Old.'
A Reddit user who goes by the username DanGliesak wrote a story about how to explain off-shore banking to a five year old. (Hulton Archive/Getty Images )
Listen2:06


Off shore banking. Shell corporations. And, tax evasion. These are just some of the terms you've been hearing in the news a lot over the past couple days. And, we'll be the first to admit that the 'Panama Papers' story can include some very, very confusing stuff. 

That's why we've got a story for you from Redditor DanGliesack. It's about how to explain off-shore banking to a five-year-old. The story was posted to Reddit this week.


Take a listen to a reading by two of our As it Happens producers, Katie Geleff & John Perry.

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