How the super-wealthy hide billions using tax havens and shell companies
|09/17/2019||Posted by BusinessMediaguide.Com under General World News||
- The Panama Papers were the 11.5 million files leaked in 2016 from Mossack Fonseca, the world’s fourth-largest offshore law firm.
- Every year, about $70 billion that the US could be using for infrastructure, law enforcement, healthcare or education is missing. It’s hidden deep within shell companies and anonymous entities in places like the British Virgin Islands.
- “Secrecy World” author Jake Bernstein explains how the super-wealthy hide billions using tax havens and shell companies.
- Visit Business Insider’s homepage for more stories.
Following is a transcript of the video.
Narrator: In 2016, 11.5 million files were leaked from Mossack read more >>>