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World. M talking about what some are calling an unprecedented leak of more than 11 million documents from one of the biggest offshore law firms that shows how some of the most richest and powerful people use tax havens to their advantage. No americans have been named, so far. One trail seems to lead to russian president vladmir putin. The others include president s from iceland and pakistan. The biggest revelation show how some created Shell Companies and secret investments. Theres still much we dont know. First off, these structures are not necessarily illegal, is that correct . Thats right. Under u. S. Law, any way. Were dealing with people around the world. Under u. S. Law its not necessarily illegal to have an offer shore company. You have to disclose the assets when its time to pay your taxes and presumably a lot of people did it to avoid paying taxes. You have to go on a case by case basis to determine that. Why no american ....
Calling an unprecedented leak of more than 11 million documents from one of the biggest offshore law firms that shows how some of the most richest and powerful people use tax havens to their advantage. No americans have been named, so far. One trail seems to lead to russian president vladmir putin. The others include president s from iceland and pakistan. The biggest revelation show how some created Shell Companies and secret investments. Theres still much we dont know. First off, these structures are not necessarily illegal, is that correct . Thats right. Under u. S. Law, any way. Were dealing with people around the world. Under u. S. Law its not necessarily illegal to have an offer shore company. You have to disclose the assets when its time to pay your taxes and presumably a lot of people did it to avoid paying taxes. You have to go on a case by case basis to determine that. Why no americans on the list, at least so far . That ....
Calling an unprecedented leak of more than 11 million documents from one of the biggest offshore law firms that shows how some of the most richest and powerful people use tax havens to their advantage. No americans have been named, so far. One trail seems to lead to russian president vladmir putin. The others include president s from iceland and pakistan. The biggest revelation show how some created Shell Companies and secret investments. Theres still much we dont know. First off, these structures are not necessarily illegal, is that correct . Thats right. Under u. S. Law, any way. Were dealing with people around the world. Under u. S. Law its not necessarily illegal to have an offer shore company. You have to disclose the assets when its time to pay your taxes and presumably a lot of people did it to avoid paying taxes. You have to go on a case by case basis to determine that. Why no americans on the list, at least so far . That ....