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Sanskar

Stealth • 5m

In 2016, a German journalist Bastian Obermayer has published 11.5M documents online. These documents contained details about financial tax evasion and money laundering of the VIPs and VVIPs. This list contained the names of 11 world leaders, politician and film stars. From Amitabh Bachchan to Nawaz Sharif to Vladimir Putin all were included in this list. These papers were called Panama papers. These papers belonged to a law firm situated in Panama named Mossack Fonseca. The ultra rich uses this firm for tax evasion, hiding their money, money laundering and making their black money white. Mossack Fonseca alone control almost half the companies in Panama these were of course fake companies. Countries like Panama, Cyprus and Cayman Island are know as tax heavens as they don't share the data of companies operating in their land. Business man here opens fake companies and invest their money in them convert their black money white, save tons of taxes and do money laundering with ease.

4 replies8 likes

Replies (4)

Anonymous 2

Stealth • 5m

I've seen the news for the Bachan families savings abroad and damn they be hiding all that money

1 replies

Anonymous 1

Stealth • 5m

Swiss Banks and offshore countries are the tax havens for the richie rich

1 replies

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