"Pandora Papers" Detail Hidden Wealth Of The Rich And Powerful
Newsy
The review found how hundreds of politicians, celebrities, religious leaders and drug dealers have hidden their wealth in shell companies and more.
Calls grew Monday for an end to the financial secrecy and shell companies that have allowed many of the world’s richest and most powerful people to hide their wealth from tax collectors.
The outcry came after a report revealed the way that world leaders, billionaires and others have used offshore accounts to keep trillions of dollars out of government treasuries over the past quarter-century, limiting the resources that could be put to work helping the poor or combating climate change.
The report by the International Consortium of Investigative Journalists brought promises of tax reform and demands for resignations and investigations, as well as explanations and denials from those targeted.
