Thumbs Up: Panama Papers

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Thumbs Up: Panama Papers

Nathan Smernoff, Staff Writer

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The Panama papers data leak makes wikileaks look like an ant. 143 politicians, including 12 national leaders have had their secret tax evasion tactics across seas revealed.

Vladimir Putin and his close friend moved two billion from a Russian state bank to an offshore account. Prime minister of Iceland, Sigmundur Davio Gunnlaugsson, resigned after the revelation of his offshore wealth. Members of UK’s House of Lords have hidden offshore assets. Mossack Fonseca shined a light on many political figures from around the world and close friends and relatives that have been hiding their money in offshore accounts leading to mass chaos in the political and financial world. Calling out the rich to show people how they use these offshore accounts to avoid losing just a fraction of their wealth to taxes, be bribed to make certain political decisions and get a little extra dough is clearly a thumbs up.

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