Pandora Papers expose secret financial dealings of global politicians and ultra rich

Politics and Social Issues
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Hot damn, the rich get popped again. Will it make any difference?

Pandora Papers expose secret financial dealings of global politicians and ultra rich

CBS - Oct 3, 2021
A massive document leak is revealing the secret financial dealings of some of the world’s richest people and most powerful leaders. According to The Washington Post, the so-called Pandora Papers detail the “opaque financial universe where global elite shield riches from taxes, probes and accountability.” The Post’s investigative reporter Debbie Cenziper joins CBSN host Elise Preston with more on what she and her colleagues discovered while examining the documents.

Governments launch investigations after Pandora Papers show how elite shield riches

Key updates

White House: Biden will continue to press for financial transparency in wake of Pandora Papers

Jordan’s king denies public funds were used to buy overseas mansions, says revelations could endanger his family

Social media in Kenya abuzz with Pandora revelations, as president promises to respond

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Speaking of ethics:

Governments launch investigations after Pandora Papers show how elite shield riches

https://www.washingtonpost.com/business/2021/10/03/pandora-papers-investigation-reaction/
By

Aaron Gregg, Isabelle Khurshudyan, María Luisa Paúl, Jennifer Hassan, Sammy Westfall and Adam Taylor

Today at 5:57 p.m. EDT. (October 4, 2021)

The Washington Post on Sunday published the first in a series of stories based on more than 11.9 million documents that expose a secretive financial universe that benefits the wealthy and powerful.

The vast trove of documents, known as the Pandora Papers, was obtained by the International Consortium of Investigative Journalists(ICIJ). The Post collaborated on the investigation, which involved more than 600 journalists in 117 countries and territories, the largest ever organized by the ICIJ.

The investigation exposes the offshore system that government leaders, billionaires and criminals often use to hide their assets. For an explanation of how offshore systems work and why people choose to hold their money in these companies, read our overview.

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For me, the worst is that a big part of this money has not frauded the tax system but has legally evaded it.