New Revelations Pandora papers
News is coming out from various sources informing about the latest release of “Pandora papers”.
The International Consortium of Investigative Journalists aka ICIJ is working on finding offshore finance for rich people from various countries.
These investigations are popular political tools for opposition parties in different countries. this will help you to know politics is a rewarding business for some people.
It looks like Lebanon is the top country who is having more people in this latest list of revelations, also Britain and some other countries.
Please note that in some countries holding offshore properties and finances is legal.
We are sure you will hear more on this subject in the coming days.
There are 12 million confidential documents, called Pandora papers.
At the end of the day, we have some good news, we have another measurement to prove inequality in the world.
For the common man, it is another piece of the news article and worth a topic to crib about politicians and rich people, hope some result will come out of this to help reduce inequality in the world.
With respect to offshore financing, please understand it is your own tax money or money illegally acquired by exploiting the natural resources of a country and getting moved out of the country. Maybe some of it is legally earned and is legal in countries but the most affected are the poor and developing countries where democracy is in the childhood stage and takes time to evolve.
Hope ICIJ gets the Nobel prize for economics for the worth of what it is for.
Please see additional references.
please check “Natural Experiments Nobel Prize Economy“