• Panama Papers Anniversary Is Opportunity to Underscore Severity of the Problem

    2 monthes ago - By Global Financial Integrity

    Believe it or not, the Panama Papers scandal has an upside: it shed light on the dark corners of the international financial system. Prior to the revelation that one law firm helped establish over 200,000 anonymous companies, the casual observer knew tax evasion, corruption, and money laundering occur in the world but they didn't know quite how it works. Now the term “ anonymous shell company ” has some resonance and it is in the general lexicon - even if most people still can't explain how they work.
    The bad news is that while there have been some very nice pledges by governments to do...
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