Saturday, December 23, 2017

Lawyers, Guns and Money: Understanding the Panama Papers

In the current debate over taxes we here a lot about offshore funds, the repatriation of corporate dollars, and how lowering marginal tax rates will stimulate the economy and bring all this money pouring back into America. Unlikely! Particularly because what we don’t hear about is the almost hundred trillion dollars that is hidden from view, in a complex web of offshore accounts, tax havens, laundered money, corrupt banks and nations that have created a kind of alternative world financial system.

Back in April of 2016 the leaked documents from a Panamanian law firm, that became known as the Panama Papers, began to shed light on this universal flow of this tainted money. More recently the
Paradise Papers, brought this corruption to the doorstep of the White House.

Covering every step of this, has been distinguished journalist and two time Pulitzer winner Jake Bernstein. He details it all, and a lot more in Secrecy World: Inside the Panama Papers Investigation of Illicit Money Networks and the Global Elite.

My conversation with Jake Bernstein: