Monday, 4 April 2016

Panama revelations!!

Documents were leaked from one of the world's most secretive companies, Panamanian law firm Mossack Fonseca, and show how the company has allegedly helped clients launder money, dodge sanctions and evade tax.

Of course some African leaders are involved in it too. Families and associates of Egypt's former president Hosni Mubarak, Libya's former leader Colonel Gaddafi and Syria's president Bashar al-Assad are among 12 world leaders who are said to have benefited from tax havens.

While using offshore companies is not illegal, the practice has long been morally dubious and is under the spotlight amid a wider examination of tax avoidance by large companies such as Google



Culled from Daily mail


Read more: http://www.dailymail.co.uk/news/article-3521830/Tax-havens-world-s-rich-famous-revealed-huge-data-leak.html#ixzz44rWclFvE

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