Published on April 10th, 2016 | by admin0
Panama Papers, Who, What and Why
From politicians to movie stars, from cricket icons to industrialists; from the corrupt to the criminals, stashing their money away in small island nations, so they can avoid the taxes, and do money laundering. While some have a legitimate reason to open offshore accounts, most of these extremely rich people want to amass even more money. Government says they don’t have enough money to help all the farmers, but these rich people avoid paying taxes by moving their cash out of the country. NOT Acceptable.
Today we have with us Jay Mazoomdaar, Associate Editor Indian Express, one of the members of the global journalist team which studied the Panama Papers, the largest data leak ever. He explains what these Panama Papers are, what we have seen so far, and what we should expect. According to him, we are just getting started.