A veritable Who’s Who list of billionaires, celebrities and global leaders has been linked to offshore tax shelters, following the extraordinary leak of 11.5 million documents from a Panama-based law firm. The disclosure stunned the world Monday, as presidents and prime ministers attempted to explain their previously unknown ties to hidden fortunes stashed in offshore tax shelters—with many bracing for more revelations this week.
“It’s the biggest leak we’ve ever seen of this kind—it’s like having a tsunami coming your way and the surfboard’s all greased up and ready to go,” says John Christensen, director and co-founder of the UK-based Tax …read more
Source: Newsweek
