Panama Papers:Disclosing about global non tax paying nations and corruption: AnglePaisa suggests you to maintain your finances in proper way!

1. Panama Papers - Disclosing about global non tax paying nations and corruption
Being a world renowned financial and political elite, the Panamanian law firm is in the limelight
once again due to its huge 2.6 terabyte leak of its confidential papers to the International
Consortium of Investigative Journalists that is going to be popular soon. By having a big team of
hundreds of journalists, the firm is leaking a document, which they termed as Panama Papers.
This is a massive leak document consisting details of a global web of corruption and non tax
payers list.
The Panama firm operates globally and its operations are diverse and world famous for their
outstanding work done in the finance and law fields. But they have emerged as a single entity
to helping the overseas people to set up Panamanian shell firms that hold the financial assets,
while hiding the identities of their owners. Established in the year 1977, the company is
expanding its area of work outside of Panama to add on more than 40 offices across the world.
The aim to do this is to provide better aid not only to the clients based out in Panama, but also
to the clients in the Bahamas, the British Virgin Islands, and other notorious tax havens of the
world.
The proposed document viz. Panamanian Papers, gives details about some shocking acts of
corruption in Russia. Also, it includes more info about scandalous going on in a wide range of
developing countries. Moreover, it also puts some light on the increasing political crisis in
Iceland.
Furthermore, the document also gives an outlook about the reality that's remained hidden
since a long term. There are some rich and powerful nations of the world, which are
deliberately involved in streamlining the level of global commerce. However, those nations are
willingly allowed the richest members of Western society to give security to their fiscal assets
from taxation by getting the help of their shell firms and tax solicitors, which are pioneer in
handling the cases of divorce or bankruptcy settlement.
United States would not permit, if Panama or the Cayman Island were found involved in
undermining the dignity of the global pharmaceutical patent system. But the political bunch of
some powerful nations has not acted to stop to the Caribbean nations for reducing the integrity
of the global tax system, because the wealthy elite of Western nations does not want to get
into this matter.