Panama Papers – why so few US names?

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An interesting piece from the Tax Justice Network.

“There has been a lot of buzz about one aspect of the Panama Papers: why have so few U.S. citizens been exposed in these leaks?

Panama was set up originally as a country – and as a tax haven — with the help of U.S. financial interests, and it has been substantially within the U.S. orbit (mainly with the purpose of keeping influence over the Panama Canal.)

There are all kinds of theories doing the rounds (of course) about CIA plots and other skulduggery to explain this anomaly, but …………………….”

……. but the TJN thinks other factors are more likely to explain it (link).



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