The law firm states it did nothing wrong. They mean they didn't do anything LEGALLY wrong. However, there is plenty wrong with their willingness to remove tax income from any country. It is a moral issue. There is a reason lawyers have ethics with brevity to leverage against attorney licenses.
9 May 2016
...The Panama Papers (click here) have shown how some wealthy people use offshore firms to evade tax and avoid sanctions.
The papers belonged to Panama-based law firm Mossack Fonseca and were leaked by a source simply known as "John Doe". The company denies any wrongdoing.
Last week it issued a "cease and desist " order to prevent the database being made public but the organisation that has the documents, the International Consortium of Investigative Journalists (ICIJ), went ahead.
- Who's been caught in the scandal?
- Ten things we have learned
- Tax havens and the new politics
- How assets are hidden and taxes dodged
The documents have revealed the hidden assets of hundreds of politicians, officials, current and former national leaders, celebrities and sports stars.
They list more than 200,000 shell companies, foundations and trusts set up in more than 20 tax havens around the world....
