Cracking Open Kleptocrats and Plutocracts Piggy Banks: The Panama Papers with James Henry, who has written extensively about global banking, debt crises, tax havens and economic development. Henry is former chief economist at the international consultancy firm McKinsey & Co. and is now a senior fellow at the Columbia University Center for Sustainable International Investment and senior adviser with the Tax Justice Network, which has estimated in their study, âThe Price of Offshore Revisited,â that total wealth in tax havens was between $21 trillion and $32 trillion. James Henry's books include The Blood Bankers: Tales from the Global Underground Economy, and the forthcoming The Pirate Bankers.
Attorney, James Henry takes us through one of the biggest leaks in journalistic history, 11.5 million documents to reveal the secretive offshore companies used to hide wealth, evade taxes and commit fraud by the world's dictators, business tycoons and criminals. This massive leak of documents has blown open a window on the vast, murky world of shell companies, providing an extraordinary look at how the wealthy and powerful conceal their money. The data breach occurred at a little-known but powerful Panamanian law firm, Mossack Fonseca, which has an office in Las Vegas, a representative in Miami and a presence in more than 35 other places around the world. The firm is one of the worldâs top five creators of shell companies, which can have legitimate business uses, but can also be used to dodge taxes and launder money.
produced by Mimi Rosenberg and Ken Nash
please notify us if you plan to broadcast this program - knash@igc.org
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