THE PANAMA PAPERS

At 2.6 terabytes, the ginormous leak of highly classified documents now known as the Panama Papers, converges into offering a depth of complications and gives us a glimpse at the worldwide net of corporate finance, corruption, and tax evasion.
The core of the story isn’t all that complicated though, as it just involves boxes of individuals and organisations stashing their possessions in secret offshore locations like Panama.
It is highly probable that these individuals/organisations hid their money in a manner that is technically legal, at most, in order to avoid taxes. This is something that’s been going on for a long time due to an errant policy, allowing giant businesses to evade taxes in a shadily “legal” manner.
These huge revelations may convince lawmakers to finally act whilst on the fire, and do something about the corporate system.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s