Pandora Papers Live Updates: Reaction as leaks reveal how world leaders and billionaires hide their wealth

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The Pandora Papers have revealed how world leaders and billionaires are hiding vast sums of money in offshore accounts and mysterious companies. Follow Newsweek's liveblog for all the latest.

A major leak of financial information - dubbed the Pandora Papers - has exposed how the world's elite avoid paying billions of dollars in tax through elusive offshore accounts and companies set up in tax havens.

Several governments have already announced investigations into the findings, revealed on Sunday after analysis by over 600 journalists from dozens of media organizations.Almost a staggering 12 million documents - totaling 2.94 terabytes - were leaked from 14 companies in countries including the British Virgin Islands, Belize, Cyprus, the United Arab Emirates, Singapore, Switzerland and Panama - the source of the previous Panama Papers scandal.

Reports from the Guardian reveal that South Dakota is particularly popular with those looking to discretely move around their money, with the state sheltering billions linked to people previously accused of serious financial crimes.

 

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With Ukraine topping the list, maybe we should look into why a past US Vice President demanded the firing of the Ukraine corruption investigator.

I suppose the next leak will be about how Davos is only masquerading as a world economic forum but in reality it's the uber wealthy ensuring they continue to gain wealth on a global scale through secret dealings with connections made through the 4 day conference? Hmm, who knew?

America

Big deal. So far there are no reports that it's illegal or that crimes have been committed in any manner. Until there are arrests and etc., it's not really earth shattering news.

I am curious as to why this is now comming out - in 80s Swiss banks with help from a former senator , were advertising how your investment would be protected and if needed money moved to secrete vault and account said to be closed or not in extistence- Panama banks have T$$

Pls read it. Urgent for america whitehouse EllenDeGeneres nbc pentagon INTERPOL_HQ maddow MaddowBlog chucktodd MeetThePress Lee jaemyung evil politicmafia insult 911victims. 대장동 의혹 펄쩍 뛴 이재명 '그럼 노벨이 9·11 테러 했나' | 다음 뉴스

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Dozens of world leaders stash wealth in secretive offshore system: Pandora PapersA major investigation has found that world leaders, rock stars, government officials, and CEOs stashed billions of dollars in secret offshore accounts. michael_saylor this was my last warning to you either sell bitcoin now or it won't be a warning this mikal saylorun box document going public :? Netflix had a nice documentary on the panama papers, and this is also very interesting. Not unexpected, but interesting. Ummm we needed an investigation? No kidding
Source: BusinessInsider - 🏆 729. / 51 Read more »

Pandora Papers: South Dakota rivals offshore tax havens for financial secrecySouth Dakota is sheltering assets from individuals previously accused of financial crimes, the new Pandora Papers say. Other red states will follow wolfofwallst Jordan Belfort wouldn’t have to travel so far these days 😂
Source: BusinessInsider - 🏆 729. / 51 Read more »