8 years ago
A top expert on tax havens explains why the Panama Papers barely scratch the surface
The biggest scandal in the Panama Papers leak, which revealed that political leaders around the world were hiding money in offshore accounts, isn't about corruption or organized crime. The 11.5 million files stolen from the Panamanian law firm Mossack Fonseca revealed just how unequal the world is. The economist Gabriel Zucman estimated in his 2015 book, The Hidden Wealth of Nations, that worldwide more than $7.5 trillion...
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