Tag: Panama Papers

Buzzfeed Reveals a Banking Virus That Could Become a Pandemic

Buzzfeed Reveals a Banking Virus That Could Become a Pandemic

Buzzfeed has made what many take to be a shocking revelation about how the world’s most powerful financial institutions skirt morality and the law. Others who have followed the activities of the biggest international banks over recent decades may simply wonder why anyone should be surprised....

The World This Week: Paradise Papers Reveal to be Rich is Glorious

The World This Week: Paradise Papers Reveal to be Rich is Glorious

Wealthy individuals, fund managers and corporations continue to avoid taxes by using offshore havens at a time of increasing inequality and declining public goods. This week, Russian President Vladimir Putin did not commemorate the hundredth anniversary of the 1917 Bolshevik Revolution. November...

Misguided Tax Targeting Fosters Inequality in Mexico

Misguided Tax Targeting Fosters Inequality in Mexico

Mexico has one of the worst tax systems of all industrialized countries. Juan Armando Hinojosa Cantú, a Mexican construction contractor and business tycoon, is famous in Mexico for his alleged role in building a $7-million mansion for the first lady—best known as the president’s “White...

Panama Papers are Another Lost Opportunity for Reform

Panama Papers are Another Lost Opportunity for Reform

Focus on the few prominent figures exposed in the Panama Papers detracts from the larger problem of widespread and routine illicit practices. It was the largest leak in history—11.5 million files leaked from the Panamanian law firm, Mossack Fonseca, that exposed the movement of massive amounts...

Panama Papers Point to Shifting Regulatory Landscape for Banks

Panama Papers Point to Shifting Regulatory Landscape for Banks

The scandal has prompted increased demands from regulators in the US and Mexico, and banks will have to adapt to changing operating conditions. The leak of about 11.5 million documents from Panama-based law firm Mossack Fonseca in April has resulted in various repercussions for those named in...

Why the Panama Papers Are a Feminist Issue

Why the Panama Papers Are a Feminist Issue

Those most impacted by the consequences of tax dodging are the world’s poorest, who are disproportionately women and girls. Asana Abugre has a small shop in Accra, Ghana, where she makes and sells batiks and tie-dyed textiles. Asana pays her taxes regularly. Women  like her, working in markets...

What the Panama Papers Have To Do With America

What the Panama Papers Have To Do With America

Panama is not alone in the world of financial secrecy. The problem of secret financial transactions affects lives in communities throughout America. The massive release of the Panama Papers has rocked the financial and political world. The leaked documents from Panama’s Mossack Fonseca law...

The World This Week: Taxes, the Rich and the Panama Papers

The World This Week: Taxes, the Rich and the Panama Papers

The Panama Papers reveal the shady shenanigans of elites who use offshore finance extensively and prize private gains over public interest. This week, the Panama Papers came into focus. More than 11.5 million financial and legal records were leaked to the International Consortium of...

Fallout of Panama Papers to Last Months

Fallout of Panama Papers to Last Months

The political fallout of the Mossack Fonseca data leak will lead to broader challenges for businesses, with likely responses from regulators in the months ahead. In the biggest data leak in history, German newspaper Sueddeutsche Zeitung, along with the International Consortium of Investigative...

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