Semi-fun fact, my wife was fairly good friends with Edward Snowden's older sister in high school and I met her once.
So this is true then: https://www.washingtonpost.com/news...200-billion-fortune-and-if-so-does-it-matter/
I'm still looking for something surprising and outrageous about this. When I looked down the list and saw it inckuded a handful of FIFA officials, I got it. All makes perfect sense. In truth, my first thought was concern for Panama. That country is not even remotely equipped to handle an investigation of something like this, let alone just the news story.
I feel the surising everyday is bigger news. Corruption stories don't raise eyebrows anymore. Everyone is corrupt and the ones that aren't just haven't met the right person yet
The US taxes citizens on a worldwide basis (with foreign tax credits provided to offset the foreign income to prevent double taxation) so US citizens would be wasting money (legal/accountant fees) with this Panama BS. US Citizens do set up Cayman Island corps for investment purposes - mainly done to attract foreign investors who can avoid US taxes. US citizens still will pay taxes on these Cayman Island corps for instance.
Would they even investigate it? They country must make a good amount of money on all of the governmental fees charges on each corporation set up, annual reporting etc.
Who knows? All I'm saying is that they barely have resources to investigate their own corruption. The most senior attorneys in the Ministry of Justice make just around $60-70K a year, and unlike here in the U.S., Panamanian law firms can be privately owned by non-attorney shareholders, just like any other business. So, if you're looking for THAT country to chase this down, good freaking luck. It's not just client money at stake, it's shareholder money also.
