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Panama Papers

Confessions Of A Panama Papers Hit Man

April 13, 2016 John Perkins, www.commondreams.org ,
By John Perkins for Common Dreams - The Panama Papers should be no surprise. I was there in the 1970s, when the system they’ve exposed was set in motion. As an Economic Hit Man (an EHM), I helped forge this global economy that is based on legalized crimes. It’s a system in which 62 individuals have as much wealth as half the world’s population, and a handful of the super-rich control governments around the globe. Big corporations benefit from infrastructure and social services without having to foot the bill.

How US President And JP Morgan Made Panama

April 12, 2016 Ed Vulliamy, www.theguardian.com , , , , ,
By Ed Vulliamy for The Guardian - This goes back a long way. The Panamanian state was originally created to function on behalf of the rich and self-seeking of this world – or rather their antecedents in America – when the 20th century was barely born. Panama was created by the United States for purely selfish commercial reasons, right on that historical hinge between the imminent demise of Britain as the great global empire, and the rise of the new American imperium.

Beyond Panama: What World Really Needs Is #DelawarePapers

April 11, 2016 Nika Knight, www.commondreams.org , , ,
By Nika Knight for Common Dreams - Panama saw populist protests on Wednesday in response to Panama Papers revelations that the nation's lax tax laws are providing a haven for the world's wealthiest to stash their cash. But in the United States, where observers note that corporate greed is surely not lacking, the leak has yet to produce such a grassroots display of outrage. This may be because U.S. one-percenters have largely escaped the leak unscathed...

Panama Papers Lead To Protests For David Cameron Resignation

April 11, 2016 Kathryn Snowdon and George Bowden, www.huffingtonpost.co.uk , ,
By Kathryn Snowdon and George Bowden for The Huffington Post - “I wasn’t really sure what to expect, so far it all seems very jolly and everyone is really together in saying we think it’s rubbish what the government are up to. “It seems strange that if [David Cameron] knows and has knowledge of tax avoidance situations then he should get right on to it to benefit everybody and to benefit society. “He’s turning the country into a ‘moneytocracy’ - if you have the money you can do what you like.

US Scolds Others About Offshores, Ignores It At Home

April 9, 2016 Staff, www.mcclatchydc.com , ,
By Staff of McClatchyDC - The Cowboy State isn’t as notorious as the Cayman Islands for cloaking millions. But, like Nevada and Delaware, this unlikely haven offers the same anonymity the federal government has been trying to end abroad. America and Americans are part of the offshore problem. A massive leak of documents from the global law firm Mossack Fonseca & Co., which has offices in Wyoming and Nevada, exposes how two Western U.S. states are tied to foreign scandals, and how middlemen in far-flung places are taking advantage of the anonymity they provide.

This Is Much Worse Than The Panama Papers

April 7, 2016 David Dayen, www.salon.com , , ,
By David Dayen for Salon - Often when I’m sitting in bumper-to-bumper traffic on one of L.A.’s many freeways, my mind drifts to wondering if there’s some special autobahn above the horizon line reserved only for elite celebrities, so they don’t have to bother with the day-to-day inconveniences of the masses. That feeling returned when I read about the Panama Papers, a blockbuster release of 11 million documents from 40 years of work by one of the world’s leading specialists in tax avoidance.

Dance To The Panama Papers ‘Limited Hangout’ Leak

April 7, 2016 Staff, www.telesurtv.net , , ,
By Staff of Tele Sur - This sets the scene for the Panama Papers leak – a massive hoard of 11.5 million documents allegedly leaked from someone inside offshore heavies Mossack Fonseca to the center-left, NATO-friendly Suddeutsche Zeitung newspaper in Munich and then shared by the ICIJ with selected mainstream media partners. Even without a smoking gun, a case can be made this alleged most massive leak ever was obtained by – what else – U.S. intel. This is the kind of stuff the NSA excels at. The NSA is able to break into virtually any database and/or archives anywhere; they steal “secrets;” and then selectively destroy/blackmail/protect assets and “enemies,” according to USG interests.

Snowden & Panama Leaks Show: Scandal Is What Has Been Legalized

April 7, 2016 Glenn Greenwald, www.theintercept.com , ,
By Glenn Greenwald for The Intercept - FROM THE START of the reporting based on Edward Snowden’s leaked document archive, government defenders insisted that no illegal behavior was revealed. That was always false: Multiple courts have now found the domestic metadata spying program in violation of the Constitution and relevant statutes and have issued similar rulings for other mass surveillance programs; numerous articles on NSA and GCHQ documented the targeting of people and groups for blatantly political orlegally impermissible purposes; and the leak revealed that President Obama’s top national security official (still), James Clapper, blatantly lied...

Panama Papers Western 1% Protected; Need A Leak Of The Leak

April 6, 2016 Craig Murray, www.wsws.org , ,
By Craig Murray for Craig Murray - Whoever leaked the Mossack Fonseca papers appears motivated by a genuine desire to expose the system that enables the ultra wealthy to hide their massive stashes, often corruptly obtained and all involved in tax avoidance. These Panamanian lawyers hide the wealth of a significant proportion of the 1%, and the massive leak of their documents ought to be a wonderful thing. Unfortunately the leaker has made the dreadful mistake of turning to the western corporate media to publicise the results.

Panama Papers’ Publishers Don’t Need To Sell Out WikiLeaks

April 6, 2016 Adam Johnson, www.wsws.fair.org ,
By Adam Johnson for FAIR - When it’s all said and done, there’s no doubt that the hundreds of stories exposing the intricate web of tax avoidance and laundering, also known as the Panama Papers, will be an important blockbuster feat of journalism. The sheer size of the leak (11.5 million documents) and scope of the project led by the International Consortium of Investigative Journalists (which brought together over 100 news outlets) is as staggering as it is impressive. The implications—the prime minister of Iceland has resigned, and dozens of investigations are allegedly underway around the world—will be felt for years.

Panama Papers: Iceland Prime Minister Resigns After Leak

April 6, 2016 Staff, www.icelandmonitor.mbl.is , ,
By Staff of Iceland Monitor - Members of the Progressive Party have agreed at a party meeting today that Sigmundur Davíð Gunnlaugsson should stand aside as PM of Iceland. The proposal to stand down as PM reportedly came from Gunnlaugsson himself. The meeting has proposed Sig­urður Ingi Jó­hanns­son, currently Minister for Fisheries and Agriculture, as new Prime Minister of Iceland. The decision taken by the party only affects Gunnlaugsson’s status as Prime Minister. He remains the leader of the party.

Panama Papers Could Lead To Capitalism’s Great Crisis

April 5, 2016 Rana Foroohar, www.time.com , ,
By Rana Foroohar for Time - It’s hard to know where to start in tallying up the explosive revelations in the Panama Papers, an analysis of leaked documents from global law firm Mossack Fonseca revealed by the International Consortium of Investigative Journalists (ICIJ). Yes, we’ve known for a while now that the shadow financial system was growing. But it’s another thing to take in 11.5 million documents showing the way in which Mossack Fonseca was working with big name financial groups like UBS, HSBC, Société Générale, and many others to help elites from the Communist Party leadership of China, to soccer star Lionel Messi, to global financiers hide cash in offshore havens around the world.

Eggs Fly In Iceland As Panama Papers Spark Populist Anger In Streets

April 5, 2016 Lauren McCauley, www.commondreams.org , , ,
By Lauren McCauley for Common Dreams - Foretelling the kind of public backlash other ultra-rich tax dodgers can expect following the weekend release of the so-called Panama Papers, tens of thousands of Icelanders rallied in Reykjavik on Monday demanding the resignation of Prime Minister Sigmundur Davíð Gunnlaugsson. Gunnlaugsson is just one of the officials facing reprisal after a massive leak of 11.5 million documents from the global law firm Mossack Fonseca revealed a rigged system of elites who use shell companies in offshore tax havens to stash untold fortunes.
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