I believe it lead to the discovery that a member of Brazil's Supreme Court has a trendy condo in downtown Miami whose actual value is unknown but is presumably higher than the zero dollars he paid for it.

How would Bill Clinton pardon someone in 1999 for something that they get caught for in 2016.

The documents go back to the '70s.

And it was 2001, not 1999.

Hope there aren't any suspicious suicides in the near future.

Guys like Putin and Mumbarak doing this was no secret. Everyone knew Mumbarak had like 50 billion when he left Egypt.

HSBC and a few other banks being involved is big, but what would make this a huge story is if prominent American businessmen are involved. Could really damage them a lot.

The files also reveal a suspected billion-dollar money laundering ring involving close associates of Russian President Vladimir Putin.

Putin asking his goons which journalists need to be killed.

You think he had to ask and then give orders?

For those focused on the avoidance/evasion distinction, please try to keep your tiny brains focused on actual public policy. It's not lizard people and conspiracies that drive the world (at least in the US), it's law, access to law, and the ability to upend the system by challenging laws. Companies try novel approaches to skirt taxes, "innovations" that would not have been attempted 20 years ago, and sometimes the law bites back.

"Allergan shares drop on tax inversion" (FT has a paywall, google the article title for access)

https://www.google.com/url?sa=t&rct=...EUJ-oVhnvFn6Vw

This is for the idiots who think Obama is some republican-type corporate patsy. The firms and consultants who advised Pfizer will maybe try to challenge the new treasury regs (much easier if Scalia were around), likely lose, and then dust off their hands with a hearty "good game, well played," while taking their $1.5M/yr partnership draw and saying "Welp, maybe next time" (invoice due upon receipt)

Edit: All that said, US corproate tax is too high at 35%, with way too many loopholes. The republicans will absolutely not, under any circumstances, engage in good faith discussion of tax reform. They need to lick the boots of every corporate tax cheat to keep their fragile coalition alive.

As the article notes: "But Kevin Brady, the top Republican tax writer in the House of Representatives, said: “Instead of unveiling commonsense policies to help American employers compete globally and create new jobs for our workers, the Obama administration just announced punitive regulations that will make it even harder for American companies to compete.”" [Yes, he's claiming that Obama makes it harder for US companies to compete globally by introducing "regulations" (there's that word again) preventing them from moving abroad.]

Iceland's PM resigned over the leak.

You know, there's a whole big wide world out there beyond 'Murica, and what happens in Egypt, China, Ukraine, Brazil, etc. matters, and matters a hell of a lot more than whether your favorite baseball player or US business owner cheated on their US taxes. Basically, it is a huge story in many places in the world regardless of the extent of US participation.

That sounds like a big deal, but Iceland has 1/10 of the population of my county.

Panama may or may not be used illegally more than any other haven. What Panama allows one to do is form corporations in other tax havens, like the British Virgin Islands, with the benefit of Panamanian secrecy laws. Other, smaller, places have secrecy laws, but Panama has the infrastructure in terms of laws and "corporate agents" and a history of "successful" practice.

I'm sure Paul Ryan is ready to work with Obama on this but just can't because the GOP base is so concerned about the continued availability of offshore tax havens. Just can't understand why Trump is winning when the GOP is pursuing policies the American public supports.

Obama calls for international tax reform amid Panama Papers revelations

http://www.theguardian.com/news/2016...-investigation

“There is no doubt that the problem of global tax avoidance generally is a huge problem,” he told reporters at the White House on Tuesday. “The problem is that a lot of this stuff is legal, not illegal.”

The US president said the leak from Panama illustrated the scale of tax avoidance involving Fortune 500 companies and running into trillions of dollars worldwide.

“We shouldn’t make it legal to engage in transactions just to avoid taxes,” he added, praising instead “the basic principle of making sure everyone pays their fair share”.

Mm hm. Cred points.

Oops. Cred points blown.

There's a whole big world out there, but Iceland is a small town with 330k people.

What is this full share? Is that a specific figure, percentage or does it depend on how much resources you are consuming?
And who gets to decide that?

in a television news report in germany they told about pokercompanies having some of this offshore-companies sitting in panama city:
http://www.ardmediathek.de/tv/Report...entId=34494244

did anyone know which?


just found something about a swedish site:
http://www.thelocal.se/20160405/glob...playing-swedes

and
Playtech founder Teddy Sagi listed with 16 companies:
https://news.worldcasinodirectory.co...a-papers-25211

Is Trump going to show up?

The IRS auditors holding his returns might be interested.

Trump doesn't have the cash to hide.

Is there somewhere that has a list of the examples of corruption in these leaks? Or are outlets still digesting it because it's so much information?

http://panamapapers.sueddeutsche.de/en/

http://www.theguardian.com/news/series/panama-papers

Not comprehensive since so many media outlets were involved.

No Americans on the list because they can get away with this in the US, is that right?

All the data should be released to the public so we're not fed some jurnos agenda. BBC have access ffs and they are far from impartial.

In response to Cameron taxes being a private matter.