Shedding Light on Secret Offshore Accounts

The Panama Papers tied 140 high-profile people to offshore tax havens. Here are some things to know about secret offshore accounts

By Laura Saunders and William Mauldin
The Wall Street Journal

A series of reports Sunday linked 140 public figures, executives and celebrities around the world to offshore tax havens from the British Virgin Islands to Switzerland. A close friend and other allies of Russian President Vladimir Putin were tied to transactions amounting to at least $2 billion; relatives of China's Politburo Standing Committee were connected to offshore companies; and Iceland's Prime Minister Sigmundur David Gunnlaugsson was said to be a partial owner of a British Virgin Islands company, according to international media outlets, which cited millions of documents leaked from Panama law firm Mossack...

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