Over the weekend, the international tax world was rocked by news a massive data leak involving a Panamanian law firm. Bloomberg reported:
Leaked files from a Panama law firm that creates shell companies show that politicians, criminals and celebrities worldwide have used banks and shadow companies to hide their finances, according to a series of reports by the International Consortium of Investigative Journalists.
There are three reasons why this release is very important.
We’re still in the early innings of this story, so be prepared from more revelations.
You can read more here.
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