Just read about the Panama papers very briefly and can’t really get a full grip of what it is, just the gist…
In: Economics
Rich people tend to stay rich by avoiding paying the taxes that poor people do.
One of these tricks is storing the money outside of the country where the tax should be paid. Places like Panama are “tax havens” where money can be hidden without tax being paid.
The Panama papers was a leaked set of documents exposing specific instances of this crime by high-profile people.
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