Emma Watson is the latest celebrity to be named in the Panama Papers leak. The Harry Potter actress's name has appeared on the long list of politicians and public figures who've invested money in offshore businesses. Emma, who's a goodwill ambassador for UN Women, put a statement out through her spokesperson explaining her involvement with the offshore firm.
She said it was for "privacy reasons" not to avoid paying tax on her earnings in the UK. The Spectator was the first website to reveal that Emma was one of the thousands of high-profile people who've used the Panama-based law firm Mossack Fonseca to handle their tax affairs. Her spokesperson told them that she set up an offshore company, Falling Leaves Ltd, to protect her "anonymity and safety". They explained that UK-based companies are required to publish the names of shareholders, while offshore companies don't. Her rep also said she gets "absolutely no tax or monetary advantages from this offshore company whatsoever - only privacy".
The Times claimed that by investing her money overseas, Emma was able to buy her £2.8m London home in 2013. Emma's fans have had mixed reactions to the news. On Twitter, some people expressed disappointment. Others, however, took the opportunity to show off their comedic skills.