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There are plenty of people who have legitimate privacy issues. Victims of stalking who want to buy a house but don't want their name linked to their address at the land registry, citizens of unstable regimes where it is a very real risk that the government will raid there savings to name but 2. No one is arguing that offshore systems aren't abused, but there are additional forms of safeguarding that can be explored and there is a legitimate case to be made for privacy.