The leak of information from the database of Mossack Fonseca, the giant law firm headquartered in Panama, is a reality check. Not because the information, which went public in India late Sunday night, exposes over 214,000 offshore companies typically used as structures to evade taxation connected to people in over 200 countries. Or because its dragnet includes 140 politicians and public officials including the president of Argentina, the king of Saudi Arabia, the children of Nawaz Sharif, folks close to Russian president Vladimir Putin, and more. It’s daunting because – for anyone trying to understand black money flows – it is just the tip of the proverbial iceberg.
The leak of information from the database of Mossack Fonseca, the giant law firm headquartered in Panama, is a reality check.
Not because the information, which went public in India late Sunday night, exposes over 214,000 offshore companies typically used as structures to evade taxation connected to people in over 200 countries.
Or because its dragnet includes 140 politicians and public officials including the president of Argentina, the king of Saudi Arabia, the children of Nawaz Sharif, folks close to Russian president Vladimir Putin, and more.
It’s daunting because – for anyone trying to understand black money flows – it is just the tip of the proverbial iceberg.
m rajshekhar
Fill in your details below or click an icon to log in:
You are commenting using your WordPress.com account. ( Log Out / Change )
You are commenting using your Twitter account. ( Log Out / Change )
You are commenting using your Facebook account. ( Log Out / Change )
Connecting to %s
Notify me of new comments via email.
Notify me of new posts via email.
Δ
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Fractured/Earth 
Leave a Reply