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Heard about the Panama Paper leak but don't know what it is? Check out our quick summary for a run down of what's been going on. <br><br>Sources: <br><br>https://panamapapers.icij.org/blog/20160403-new-icij-investigation-exposes-rogue-offshore-industry.html <br><br>http://think-squad.com/post/142244482771/what-are-the-panama-papers-a-guide-to-the-biggest <br><br>http://nicaise.co.vu/post/142225824946 <br>http://micdotcom.tumblr.com/post/142254284927/the-panama-papers-reveal-just-how-badly-the-1-is<br><br>http://mic.com/articles/139733/panama-papers-data-leak-these-are-the-11-biggest-politicians-named utm_source=policymicTBLR&utm_medium=main&utm_campaign=social#.c0eKdGslQ <br>https://news.vice.com/article/the-panama-papers-massive-leak-reveals-the-global-elites-secret-cash-havens <br><br>https://www.youtube.com/watch?v=F6XnH_OnpO0
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The The Biggest Financial Leak in History Panama Papers Leak DESIGNED BY
What is it? DESIGNED BY
The Panama Papers is the largest financial data leak in history. It covers nearly 40 years, from the late 1970s through the end of 2015. 2.6TB of data from Mossack Fonseca’s database 11.5M documents exposed 214,488 offshore accounts revealed across 200+ countries DESIGNED BY
Who is Mossack Fonseca? DESIGNED BY
Mossack Fonseca is a Panamanian law firm known for helping clients set up offshore accounts. Their clients include criminals and members of various Mafia groups, in addition to government officials. DESIGNED BY
Aren’t offshore accounts illegal? DESIGNED BY
No, offshore accounts are not illegal. In fact, having an offshore company can be seen as a logical business decision. However, these accounts are often used for tax evasion, money laundering, and corruption. DESIGNED BY
How much money is there in offshore tax havens? DESIGNED BY
estimated at least $7.6 trillion - Gabriel Zucman, Economics professor at UC Berkeley That’s upwards of 8% of the world’s financial wealth, with a growth of 25% over the past 5 years. DESIGNED BY
Why should we care? DESIGNED BY
These reports show how many of the top 1% have moved around upwards of billions to evade tax or make undocumented deals. Money that the governments could have used in improving healthcare, education, or infrastructure. Some of those using offshore tax havens were also accused of financially backing the Syrian air force. DESIGNED BY
Who HAS been exposed so far? DESIGNED BY
11 most notable politicians who have been named: ICELANDIC PRIME MINISTER Sigmundur Davíð Gunnlaugsson ARGENTINIAN PRESIDENT Mauricio Macri RUSSIAN PRESIDENT Vladimir Putin UKRAINIAN PRESIDENT Petro Poroshenko THE LATE FATHER OF BRITISH PRIME MINISTER David Cameron SAUDI ARABIAN KING Salman bin Abdulaziz THE SPANISH ROYAL FAMILY SYRIAN PRESIDENT’S COUSINS Bashar Assad BROTHER-IN-LAW OF CHINESE PRESIDENT UNITED ARAB EMIRATES PRESIDENT Khalifa bin Zayed Al Nahyan FORMER IRAQI VICE PRESIDENT AND PRIME MINISTER Ayad Allawi Xi JinPing DESIGNED BY
the most surprising revelation thus far? DESIGNED BY
An offshore trail of $2 Billion through banks and shadow companies leading to Vladimir Putin - ICIJ (The International Consortium of Investigative Journalists) DESIGNED BY
What’s next? DESIGNED BY
At the moment, only 149 documents out of 11.5 millioN “Just wait for what is coming next”. have been publicly released and more incriminating evidence have yet to surface… - Editor of the Süddeutsche Zeitung, the German newspaper that obtained the Panama Papers DESIGNED BY
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YOU MIGHT ALSO BE INTERESTED IN… www.stinsondesign.com @stinsondesign 1.888.960.9851 SOURCES Flat Icons from Vecteezy via Mighty Deals: http://www.mightydeals.com/deal/48-flat-designer-icons.html?ref=behanceflaticons https://panamapapers.icij.org/blog/20160403-new-icij-investigation-exposes-rogue-offshore-industry.html http://think-squad.com/post/142244482771/what-are-the-panama-papers-a-guide-to-the-biggest http://nicaise.co.vu/post/142225824946 http://micdotcom.tumblr.com/post/142254284927/the-panama-papers-reveal-just-how-badly-the-1-is http://mic.com/articles/139733/panama-papers-data-leak-these-are-the-11-biggest-politicians-named?utm_source=policymicTBLR&utm_medium=main&utm_campaign=social#.c0eKdGslQ https://news.vice.com/article/the-panama-papers-massive-leak-reveals-the-global-elites-secret-cash-havens https://www.youtube.com/watch?v=F6XnH_OnpO0