Friday, April 22, 2016

THE PANAMA PAPERS_ 9 questions you were too embarrassed to ask about the Panama Papers

VOX

POLICY & POLITICS


9 questions you were too embarrassed to ask about the Panama Papers


Updated by Tara Golshan
on April 21, 2016, 12:30 p.m. ET





Since the release of the Panama Papers, every day has brought on a new development. The sheer scale of the leaks is staggering — nearly 100 times more data than when Wikileaks released nearly 3 million US diplomatic cables.

The papers themselves include millions of leaked documents that reveal just how pervasive tax avoidance is among the world's most powerful and wealthy. They give a world tour of corruption, magnifying tactics used by the rich to keep their financial dealings secret. They have already forced out the prime minister of Iceland and raised uncomfortable questions for the prime minister of the United Kingdom.

But they also raised a lot of questions, from the complex to the simple: Who leaked the documents? How did we get into this situation in the first place? And what the hell is a shell company to begin with? While financial transparency remains a mainstay of many prominent world leaders' political platforms, the Panama Papers proved that international tax structures allow for widespread secrecy. Here's how:


1) What are the Panama Papers?

2) How do tax havens and shell companies actually work?

3) Are offshore tax havens bad?

4) If so many people think tax havens are bad, why are they still around? Isn't someone trying to do something about this?

5) How did we get into this situation in the first place? Is a trade deal with Panama to blame?

6) Taxes are kind of confusing. Can we just watch cartoons instead?

7) Hold up. Back to the Panama Papers. Who actually leaked these documents?

8) Why didn't Americans make the Panama Paper headlines?

9) Okay, so a lot of data was just released and important people were named. Is anything actually going to change now that we know this?



READ MORE: http://www.vox.com/2016/4/21/11421966/panama-papers-nine-questions-embarrassed-to-ask

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9) Okay, so a lot of data was just released and important people were named. Is anything actually going to change now that we know this?

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The last question is an interesting one.
What do YOU think?


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