Apr 11, 2016

Dirty Money & Tax Evasion: The Panama Papers Explained

Sueddeutsche zeitung muenchen
Sueddeutsche zeitung muenchen (Photo credit: Wikipedia)
Over a year ago, an anonymous source contacted the Süddeutsche Zeitung (SZ) and submitted encrypted internal documents from Mossack Fonseca, a Panamanian law firm that sells anonymous offshore companies around the world. These shell companies enable their owners to cover up their business dealings, no matter how shady.

In the months that followed, the number of documents continued to grow far beyond the original leak. Ultimately, SZ acquired about 2.6 terabytes of data, making the leak the biggest that journalists had ever worked with. The source wanted neither financial compensation nor anything else in return, apart from a few security measures.
What a story these Panama Papers, and not just for what they're showing us, but maybe more importantly, what they don't - To read more visit The Süddeutsche Zeitung whom published this piece. Great reportage by Frederik Obermaier, Bastian Obermayer, Vanessa Wormer and Wolfgang Jaschensky

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