The Panama Papers - Cracking Open Kleptocrats and Plutocracts Piggy Banks
Cracking Open Kleptocrats and Plutocracts Piggy Banks:
The Panama
Papers
with James
Henry, who has written extensively about global
banking, debt crises, tax havens and economic development. Henry is former
chief economist at the international consultancy firm McKinsey & Co. and
is now a senior fellow at the Columbia University Center for Sustainable
International Investment and senior adviser with the Tax Justice Network,
which has estimated in their study, “The Price of Offshore Revisited,” that
total wealth in tax havens was between $21 trillion and $32 trillion. James
Henry's books include The Blood Bankers: Tales
from the Global Underground Economy, and the forthcoming The Pirate Bankers.
Attorney, James Henry takes us through one of
the biggest leaks in journalistic history, 11.5 million documents to
reveal the secretive offshore companies used to hide wealth, evade taxes
and commit fraud by the world's dictators, business tycoons and criminals.
This massive leak of documents has blown open a window on the vast, murky
world of shell companies, providing an extraordinary look at how the wealthy
and powerful conceal their money. The data breach occurred at a little-known
but powerful Panamanian law firm, Mossack Fonseca, which has an office in
Las Vegas, a representative in Miami and a presence in more than 35 other
places around the world. The firm is one of the world’s top five creators
of shell companies, which can have legitimate business uses, but can also be
used to dodge taxes and launder money.
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