The Panama Papers: Victims of Offshore Financing

72% of Fortune 500 companies have subsidiaries in offshore tax havens.

Image by citizens4taxjustice via Flickr

Dandelion Salad

ICIJ on Apr 3, 2016

The Panama Papers is a global investigation into the sprawling, secretive industry of offshore that the world’s rich and powerful use to hide assets and skirt rules by setting up front companies in far-flung jurisdictions.

Based on a trove of more than 11 million leaked files, the investigation exposes a cast of characters who use offshore companies to facilitate bribery, arms deals, tax evasion, financial fraud and drug trafficking.

Behind the email chains, invoices and documents that make up the Panama Papers are often unseen victims of wrongdoing enabled by this shadowy industry. This is their story.

For more, go to panamapapers.icij.org
EXECUTIVE PRODUCER: Hamish Boland-Rudder
DIRECTOR/PRODUCER/AUDIO EDITOR: Carrie Ching
ANIMATION ARTIST: Arthur Jones
REPORTER: Will Fitzgibbon
NARRATOR: Eleanor Bell Fox

SUPPORTED BY THE PULITZER CENTER ON CRISIS REPORTING

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Panama Papers: Which names made the headlines and why?

RT America on Apr 4, 2016

Western media are in a frenzy over the so-called ‘Panama Papers’, documents leaked to a journalist consortium that point to off-shore accounts of numerous celebrities and heads of state. RT America’s Alexey Yaroshevsky looks at whose name is on the list, and who ended up in the headlines despite being completely uninvolved.

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‘Corporate media show only what they want from Panama Leak’

RT on Apr 4, 2016

The world’s media has been pointing at one person following a massive documents leak from a Panama law firm. But that person, President Vladimir Putin, wasn’t even mentioned in the data leak. Former British ambassador and human rights activist Craig Murray joins RT to discuss this issue.

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Panama Papers: Massive leak shows how rich hide wealth, MSM focus on Putin

RT on Apr 4, 2016

A vast number of confidential documents have been leaked – allegedly showing how the world’s rich and powerful hide their money. More than 11 million files were obtained from a Panama-based offshore law firm, that’s been operating for nearly 40 years. 72 current and former heads of states are among more than one-hundred politicians from 50 different countries named in the files.

see also:

About the Panama Papers

6 Things You Need to Know About the Bombshell ‘Panama Papers’ Leak

Panama Papers: World Leaders from Iceland to Argentina Exposed in Massive Tax Evasion Scheme

Panama Papers’ Reporters Explain How the Biggest Leak in Data Journalism’s History Materialized

Opening the Panama Canal by Michael Roberts

from the archives:

The 1% Economy: A Global Inequality Crisis

The Looting Class and its Hoarded Gold by Danny Katch

Circus of Deceit–The Big Boys of The Fortune 500 by Wayne Burn

The Panama Deception (1992)

Goldman left investors holding its subprime bag (Part 3)

12 thoughts on “The Panama Papers: Victims of Offshore Financing

  1. Pingback: Secret Guilt, Secret Wealth by Dariel Garner | Dandelion Salad

  2. Pingback: In The Panama Capers We Trust by Clive Hambidge | Dandelion Salad

  3. Pingback: Michael Hudson: They Finance the Military Budget with Money Laundering by the World’s Criminals | Dandelion Salad

  4. John Perkins weighed in – he was an operative in Panama! (this also ran in Salon)
    http://www.commondreams.org/views/2016/04/10/panama-papers-hypocrisy-ruling-elites

    He did an interview with Rob Kall which will be running Oped News. I got a lot of static for what I wrote.

    And I repeat, who CARES about all the speculation of who leaked? It’s a red herring, but people are sure falling for it. But aren’t making pettions, writing Congress or calling, or contacting the state officials in Neveda, Wyoming, Delaware and South Dakota. Canada is at least doing SOME THING following constituent pressure.

    Iceland (under police threat) are demanding release of all the papers; the Germans have also made waves about it. El Salvador has seized servers of the MFers (Mossack Fonesco). We will eventually see these released, imho.

  5. The point is that global capitalism is all about deception, disinformation and double deception.

    Invariably, we may infer more from what is carefully excluded and omitted than those “under investigation” ~ cynical establishment “playing the field” is such a crass school-boyish preoccupation; little wonder David Cameron, Putin and others are being targeted, as their political opponents drool with delight.

    Global Research has run several articles on this latest round of quite suspicious/selective “exposes.”

  6. Pingback: The Panama Papers: War on Corruption or War on Savers? by Ellen Brown | Dandelion Salad

  7. Pingback: Wikileaks: Panama Papers Funded by US Against Russian President Putin | Dandelion Salad

  8. This is all for naught unless we DEMAND release of ALL the documents in a searchable document open to EVERYONE.
    As interest in the latest adrenaline pumping event here wanes, the prime objective of progressives is apt to get lost.

    For YEARS people have screamed for a global approach to the problem of tax havens — and money laundering from everything from drug dealing to prostitution to procurement of nuclear materials and sex trafficking/slavery.

    But the third prong of this story is GOVERNMENTAL FAILURE to do anything at all; this is merely HSBC 3.0.
    I keep posting this link, as Black does a 15 minute rant a year ago: https://www.youtube.com/watch?v=sr9nNzbulGs

    There is rampant demonizing of all those not to USAID and Soros’ liking. Blackmail is likely without full disclosure. We are dealing with SLEEZE.

    I urge everyone who reads this and cares to Demand the release of ALL the documents, to get legislation on the table to stop easy incorporations, and prosecutions of those who engaged in racketeering, drug dealing, sex trafficking .. Keep your eyes on Loretta Lynch who always lets the elites and sleeze off … TIME FOR REAL CHANGE. It’s going to take a global focus and effort to get something action and less sales of papers and cooptation. Ignore the media’s cries that none of this was illegal. Much of it was.

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