Criminal justice professor Nikos Passas, an expert in the study of corruption and illicit financial flows shares his views on the international fallout after the Panama papers’ release last week.
The release of the Panama Papers—a treasure trove of 11.5 million confidential documents from the Panama wealth management firm Mossack Fonseca—has attracted headlines around the world.
Leaked to the German newspaper Süddeutsche Zeitung, which then shared them with the International Consortium of Investigative Journalists, they show how some of world’s richest people have used offshore bank accounts to conceal their wealth or avoid taxes. All in all, news reports link hundreds of public officials, business leaders, and celebrities to the use of tax havens to protect their assets.
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