panama papers Archive

Stiglitz quits Panama's official money-laundering panel over internal sabotage

Nobel prize-winning economist Joseph Stiglitz has resigned from the Panamanian committee set up to probe the country’s money-laundering industry in the wake of the Panama Papers leak, because the Panamanian government has reneged on its promise to publish the committee’s findings and now says it will keep them secret. “We can only infer that the government is facing pressure from those who are …

How to pay no taxes at all! (if you're Apple, Google or Facebook)

In only 7 minutes, Australian comedy show The Undercurrent explains exactly how companies like Apple, Google and Facebook use offshore registration, transfer payments, debt loading and tax havens to get a lower tax rate than nurses, starving their host countries like Australia of so much money that they’re cutting schools, medicare, public broadcasting, climate change and indigenous services. In addition to being very, …