Huge leak reveals elite’s tax havens

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A huge leak of confidential documents from a Panamanian law firm reveals how the rich and powerful launder money, dodge sanctions and evade tax.

Eleven million documents held by the Panama-based law firm Mossack Fonseca have been passed to German newspaper Suddeutsche Zeitung, which then shared them with the International Consortium of Investigative Journalists. BBC Panorama is among 107 media organisations in 78 countries which have been analysing the documents.

Mossack Fonseca says it has always complied with international protocols to ensure the companies they incorporate are not used for tax evasion, money-laundering, terrorist finance or other illicit purposes.

The BBC story is here.

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