Photo from Public Domain
As global wealth concentrates in fewer hands, the world’s wealthy are shifting trillions to offshore havens to escape taxation, accountability, and publicity.
The just-released Panama Papers—filled with titillating details involving the shady dealings of world leaders and violent traffickers of drugs and slaves—should give a strong boost to US and global campaigns to crack down on these global secrecy jurisdictions and practices.
Starting with an anonymous leak to the German newspaper Süddeutsche Zeitung and shared with a consortium of journalists, the Panama Papers initially identify 140 politicians and public officials using off-shore schemes.
Leaders named with offshore wealth include current …read more
Source: Canadian Dimension
