Nicholas Shaxson is the author of "Treasure Islands: Tax Havens and the Men who Stole the World". The investigative journalists knows who benefits most in the dirty business of hiding money and saving taxes.
Panama Papers disclosures have generated an extra €140 million in tax revenues for Germany, according to research by three media outlets. And that's with many hundreds of other evasion cases still unresolved.
The law firm at the center of the "Panama Papers" global tax evasion scandal has said reputational damage means it will be shutting down operations. Its clients included Argentinian soccer star Lionel Messi.
Germany's federal investigators have paid up to 5 million euros for the trove of documents at the center of the so-called Panama Papers leak. While controversial, the purchase of stolen bank data is legal.
The Paradise Papers data release shines a light on the tax activities of politicians and some of the world’s richest people. But it appears for now that most of the questions raised are ethical rather than legal.
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