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FRANKFURT, Germany (AP) — A group of investigative journalists on Monday published the names of thousands of offshore companies at the heart of a massive trove of data on the finances of the rich and powerful that has become known as the Panama Papers. The International Consortium of Investigative Journalists made
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The Panama Papers is a treasure trove of information on the activities and clientele of a large, but not atypical law firm operating in an offshore financial center. In this case, it is a firm called Mossack Fonseca, based in Panama. It follows a series of spectacular leaks by the
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The Panama Papers leak sheds some light on the intricate ways in which the wealthy can exploit secretive offshore tax regimes. As well as charging minimal or no tax to residents and non-residents, the main characteristics of tax havens are their lack of transparency and effective information exchange.
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AUSTIN, Texas (AP) — The revelations in the Panama Papers are adding to the populist outrage in the presidential race by confirming many of the fears of Bernie Sanders supporters on the left and contributing to the distrust that drives people to Donald Trump on the right. So far, reports based
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LONDON (AP) — The leak of millions of records on offshore accounts claimed its first high-profile political casualty Tuesday as Iceland's prime minister stepped aside amid outrage over revelations he had used such a shell company to shelter large sums while Iceland's economy was in crisis. Icelandic
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BERLIN (AP) — The release of a vast trove of documents and other data on offshore financial dealings of wealthy, famous and powerful people around the world is raising questions over the widespread use of such tactics to avoid taxes and skirt financial oversight. Reports by an international coalition of media
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