The secretive networks used to move money offshore

In 2016, the world’s largest ever data leak dubbed “The Panama Papers” exposed a scandal, uncovering a vast global network of people — including celebrities and world leaders, who used offshore tax havens, anonymous transactions through intermediaries and shell corporations to hide their wealth, grow their fortunes and avoid taxes.

Source: sciencedaily.com

Related posts

Physicists propose path to faster, more flexible robots

Better medical record-keeping needed to fight antibiotic overuse

Global life expectancy to increase by nearly 5 years by 2050 despite geopolitical, metabolic, and environmental threats