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The Panama Papers leak, that reveals how the rich and powerful rely on a secretive law firm to hide their wealth in tax havens, has drawn attention to a 2011 speech by Senator Bernie Sanders against the Panama-United States Trade Promotion Agreement, which became law in 2012. He noted that Panama’s entire economic output at the time was so low that the pact seemed unlikely to benefit American workers. The real reason for the agreement, Sanders argued, is that "Panama is a world leader when it comes to allowing wealthy Americans and large corporations to evade taxes."
"The biggest leak in the history of data journalism just went live, and it’s about corruption." That’s what NSA whistleblower Edward Snowden tweeted about the Panama Papers.
Some 11-and-a-half million files were leaked from one of the world’s most secretive offshore companies, Mossack Fonseca, a law firm based in Panama. The documents were obtained from an anonymous source by the German newspaper Süddeutsche Zeitung and shared with the International Consortium of Investigative Journalists.
Read more and then check this out...
A top haven for tax cheats that may surprise you: the US
"The biggest leak in the history of data journalism just went live, and it’s about corruption." That’s what NSA whistleblower Edward Snowden tweeted about the Panama Papers.
Some 11-and-a-half million files were leaked from one of the world’s most secretive offshore companies, Mossack Fonseca, a law firm based in Panama. The documents were obtained from an anonymous source by the German newspaper Süddeutsche Zeitung and shared with the International Consortium of Investigative Journalists.
Read more and then check this out...
A top haven for tax cheats that may surprise you: the US