America’s conniving richies don’t have to go to Panama to set up an offshore flim flam — they have the convenience of hiding their money and wrongdoings in secret accounts created right here in states like Delaware and Nevada.
Ever since the #PanamaPapers exploded into public consciousness, many observers have waited with excitement (or trepidation) for the names of Bill and Hillary Clinton to appear somewhere in those millions of pages.
He leak of 11.5 million documents to journalists contained information about an offshore fund called Blairmore, set up by Ian Cameron in the early 1980s.
President Xi Jinping and other members of the Communist Party’s most powerful committee have had relatives named as the heads of secretive offshore companies, prompting a media blackout and the censoring of social media and the Internet through the so-called Great Firewall of China.
A veritable Who’s Who list of billionaires, celebrities and global leaders has been linked to offshore tax shelters, following the extraordinary leak of 11.5 million documents from a Panama-based law firm. The disclosure stunned the world Monday, as presidents and prime ministers attempted to explain their previously unknown ties to hidden fortunes stashed in offshore tax havens.
Those exposed in the leak include the prime ministers of Iceland and Pakistan, an alleged bagman for Syrian President Bashar Assad, a close friend of Mexican President Enrique Pena Nieto and companies linked to the family of Chinese President Xi Jinping.