Friday, April 08, 2016

The Panama Papers: Secrets Of The Super Rich


It's the shadowy world of secret international finance and tax avoidance.

"What we're looking at here is really a parallel universe."

This Four Corners investigation will reveal how the rich and powerful exploit the system.

"What this really says is a lot about the system itself and how broke the system is and how crazy the whole thing is."

Our reporter Marian Wilkinson follows the money trail and it's worth trillions of dollars.

"I was on their immigration stop list. But we've gotten in." Marian Wilkinson, Reporter


What’s the big takeaway from the shocking drop of the Panama Papers? That there’s a set of tax rules for the wealthy elite, and another for the rest of us.

The Panama Papers show that the vast majority of offshore companies are dodgy: they are being used to hide assets from tax authorities, thwart investigations, and protect criminal behaviour.

For us, that means we’re losing out on vital funding we need for our schools, hospitals, roads, and other public services.

Tell Malcolm Turnbull to regulate offshore companies now and make them pay tax in Australia now.

https://actions.sumofus.org/a/breaking-panama-papers

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