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NEWS April 7, 2016 Nawaz Sharif defamed Pak by having merely $11 million offshore: Twitter guffaws at #PanamaPapers
By: sristy SahaImage credit: Narendra Shreshta/Reuters A massive leak of 2.6 terabytes of data has suddenly thrown light on the murky world of offshore banking, where the world’s richest (and shadiest) tend to park their cash to avoid paying taxes or being detected. The 11.5 million documents from a Panama-based law firm were leaked by an anonymous source […]
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NEWS April 7, 2016 Explainer: Why #PanamaPapers is just the tip of the iceberg
By: sristy SahaImage credit: Carllos Jasso/Reuters The leak of information from the database of Mossack Fonseca, the giant law firm headquartered in Panama, is a reality check. Not because the information, which went public in India late Sunday night, exposes over 214,000 offshore companies typically used as structures to evade taxation connected to people in over 200 countries. […]