On Monday, the International Consortium of Investigative Journalists (ICIJ) released a searchable database of its Panama Papers. The database allows users to search through the Panama Papers and other records for individuals and corporations that might be using foreign shell companies and offshore accounts to keep financial information private.
Certain entities will use shell companies to avoid paying taxes on income, launder money or hide evidence of misconduct. Here is a look at some individuals and companies that appear in the Panama Papers.
Who’s in the Panama Papers?
Being in the Panama Papers does not necessarily mean a person or company has done anything wrong. “There are legitimate uses for offshore companies and trusts,” reads a statement on the ICIJ website. “We do not intend to suggest or imply that any persons ... have broken the law or otherwise acted improperly.”
Notable individuals that appear in the ICIJ database include:
1. Republican Presidential Candidate Donald Trump
Republican presidential frontrunner Donald Trump appears 3,540 times in the ICIJ database. However, over the years Trump has sold his name and reputation to investors, meaning the appearance of his name does not necessarily link him to offshore accounts.Read the full story HERE and follow a link to a related story below:
What Is Trump Trying to Hide in His Tax Returns?
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