Is congress serious about illegal money in tax havens? – part 1

Abstract

Leaked documents reveal how the rich, crooks and politicians use offshore banking havens to protect their money, a journalism group in Washington said on Thursday.

The International Consortium of Investigative Journalists collaborated with The Guardian and the BBC in Britain, Le Monde in France, Suddeutsche Zeitung and Norddeutscher Rundfunk in Germany, The Washington Post, the Canadian Broadcasting Corp and 31 other news organisations to analyse the data from 2.5 million documents related to more than 120,000 offshore companies and trusts.

“The leaked files provide facts and figures – cash transfers, incorporation dates, links between companies and individuals – that illustrate how offshore financial secrecy has spread aggressively around the globe, allowing the wealthy and the well-connected to dodge taxes and fueling corruption and economic woes in rich and poor nations alike,” the ICIJ said in its report, “Secrecy for Sale: Inside the Global Money Maze.” Read more at: https://rvaidya2000.com/2013/04/10/is-congress-serious-about-illegal-money-in-tax-havens-part-1/