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IN A NUTSHELL: MUST KNOW
#panamapapers: Huge Data Leak Reveals That Politicians Are ShadyVladimir Putin, an Icelandic PM, a Panamanian law firm and a series of shell companies are coming together in a James Bond style plot that threatens to make tax law sound interesting. Mossack Fonseca, an offshore law firm based in Panama, has allegedly helped clients launder money and avoid taxes, revealing that your favorite celebrity and your least favorite world leader might have a lot in common. German newspaper Sueddeutsche Zeitung broke the news. The data links several current and former world leaders, at least 143 politicians, and of course, celebrities (like Jackie Chan).
In the meantime, figure out how to set up your own Panamanian shell company here, and like us on Facebook as we give you more information on this developing story.
GOOD PORTAL: Everything You Need To Know About The Panama Papers
Greece: Refugees And Debt Stage 2016 ComebackFirst, refugees:
A controversial new plan to deport migrants who don’t get asylum in the EU is facing a rough start today. The plan, akin to a “free returns, store credit” policy, allows Greece to deport migrants back to Turkey whose asylum claims aren’t accepted by the EU. For every Syrian refugee returned, the EU will accept another from Turkey directly. With riots breaking out at detention centers and no clear plan for how the deportations will work, it’s safe to say things aren’t going smoothly.
Now, debt:
Remember the Greek debt crisis from last summer? It didn’t really go away. Leaked phone calls of IMF officials showed just how frustrated they were that Germany wasn’t giving Greece debt relief — yes, the IMF wants Greece to default. Officials alluded to an “event” (read: bankruptcy) around the time of the Brexit referendum in June that might force Germany’s hand. Greece, naturally uncomfortable with this conversation, asked the IMF to clarify what said “event” might be. |
