Where are all the Americans in the Panama Papers?
the panama papers universe
Where are all the Americans in the Panama Papers?
April 4, 2016 3:52 p.m.
This weekend, Fusion and more than 100 other media organizations started publishing the Panama Papers, a global investigation into the secrets of offshore finance. So far it has yielded huge revelations about heads of state and politicians around the globe. Some of the biggest names to come out of the files include close friends and associates of Vladimir Putin, as well as the prime minister of Iceland, the president of Argentina, and the family of Chinese president Xi Jinping. But we havent seen a lot of high-wattage U.S. names in the headlines.
So far, the International Consortium of Investigative Journalists (ICIJ) has only been able to identify 211 people with U.S. addresses who own companies in the data (not all of whom weve been able to investigate yet). We dont know if those 211 people are necessarily U.S. citizens. And that figure covers only data from recent years available on a Mossack Fonseca internal database not all 11.5 million files from the leak.
In other words, that 211 number comes from just a small sliver of the data. Its a complete underestimate, says Mar Cabra, head of the data and research unit at the ICIJ. Finding a precise number of Americans in the data is difficult.
Not surprisingly, though, a lot of people are asking: If this is the biggest data leak in history and our biggest window ever onto the offshore world where are all the Americans? After all, an estimated $150 billion in potential U.S. tax revenues disappears into offshore tax schemes each year, according to a 2014 Senate subcommittee report. We asked top experts in offshore finance to break down the American-related aspects of the Panama Papers leak.
More:
http://fusion.net/story/287671/americans-panama-papers-trove/
silvershadow
(10,336 posts)while the world is focused on Panama, the Americans are scrambling in the Cayman Islands, Bermuda, and elsewhere...and scrambling quickly.
Bad Dog
(2,025 posts)There's still a lot of stuff that's not been released. An anonymous WS banker is not as gossip worthy as Putin's mate.
Joe Chi Minh
(15,229 posts)VT reported that it was stated that 80% would not be made public. The devil looks after his own.
Baobab
(4,667 posts)seriously.
See http://ctj.org
Joe Chi Minh
(15,229 posts)the data. Some has mysteriously gone missing apparently. Said to have been stolen.
Yep. It was inevitable that Bush would start lowering the taxes on the rich and it will perhaps take an Act or Acts of God to put a stop to their pillage and dramatically reverse the process. In these major money-matters, Obama is no more than a cypher. But, as MLK remarked, 'Longevity has its place'. And St Augustine : 'When justice leave a society, what are its leaders, but mighty bands of robbers?' How about : 'Untouchables' into the bargain ?
Baobab
(4,667 posts)since its so prone to misuse.
Or alternatively, the can just meter everything and turn it off the minuite somebody's account goes negative. Imagine somebody's oxygen supply being cut off in the middle of a breath. Because their student loans. Its coming.
TexasBushwhacker
(20,219 posts)Even though the journalists have been working on this for a year, that's a lot of data.
Bad Dog
(2,025 posts)it's going to take a very long time to go through all that.
TexasBushwhacker
(20,219 posts)So the Indian journalists are most interested in Indians, like Bollywood actress Aishwarya Rai.
Granted, everyone would want to find something on world leaders. I'm sure Donald Trump or the Clintons would be a big find for anyone, but those names don't sell as many papers in Hong Kong as Jackie Chan.
Bad Dog
(2,025 posts)TexasBushwhacker
(20,219 posts)silvershadow
(10,336 posts)LittleGirl
(8,291 posts)Where are the Americans? We know that they are in there. Bring them out!
cheapdate
(3,811 posts)that hide money. These shell companies are in Panama, the Bahamas, the British Virgin Islands, and all over.
marble falls
(57,265 posts)Baobab
(4,667 posts)relative to most other countries.
cprise
(8,445 posts)provide havens for shell companies.
Our elites are so conditioned shelter these people from prosecution that few feel the need to go offshore.
cprise
(8,445 posts)http://www.democraticunderground.com/10027739586