Panama Papers shows shell companies prevail despite G20 announced efforts

Thursday, April 7th 2016 - 06:52 UTC

Full article 5 comments

The leak of 11 million documents from a Panama-based law firm offers a glimpse into the shadowy world where the rich and powerful hide their money, raising sharp questions about the use of shell companies that obscure the identities of their true owners, even if they aren’t illegal by themselves. Read full article

Comments

Disclaimer & comment rules

willi1
Panama President Juan Carlos Varela said his government had “zero tolerance” for illicit financial activities and would cooperate “vigorously”

“...but, please, before that transfer my money to the seychelles.”
Apr 07th, 2016 - 09:02 am - Link - Report abuse 0
-+
ChrisR
Even Obumma has recognized that much of what they do is LEGAL! And, he says, that's the problem.

AHH, the G20. A bunch of halfwits trying to outwit somebody with wits AND who know how to use them.
Apr 07th, 2016 - 05:32 pm - Link - Report abuse 0
-+
Briton
they are all totally innocent,

who says so ?

they do obviously.
lol
Apr 07th, 2016 - 07:13 pm - Link - Report abuse 0
-+
LukeDig
In a week no one will give a darn about this.
Apr 08th, 2016 - 04:18 am - Link - Report abuse 0
-+
Briton
Probably not..
Apr 08th, 2016 - 07:52 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!