Mossack Fonseca leakage
Protests in Reykjavik over Panama Papers Source: AAP
The so-called Panama Papers showed how the world's rich and powerful are able to conceal wealth and avoid taxes.Governments worldwide are now investigating reports of international tax avoidance following the leak of more than 11 million files from a Panamanian law firm. Tens of thousands of rich and powerful people, including hundreds of Australians, have been mentioned in what is seen as an extensive investigation into offshore financial dealings.
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