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The Water Cooler
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Biggest leak in history of data journalism just went live, about corruption. Edward Snowden Twitter
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<blockquote data-quote="_CY_" data-source="post: 2868299" data-attributes="member: 7629"><p><span style="font-size: 22px"><strong>Panama Papers reveal London as centre of 'spider's web'</strong></span></p><p>April 6, 2016</p><p><img src="https://www.yahoo.com/sy/ny/api/res/1.2/pp2AuAegZNxh5PAYiqkq_w--/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9ODAwO2lsPXBsYW5l/http://media.zenfs.com/en_us/News/afp.com/Part-DV-DV363059-1-1-0.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p>Critics accuse British authorities of turning a blind eye to the inflow of suspect money and of being too close to the financial sector to clamp down on the use of its overseas territories as havens</p><p></p><p>London (AFP) - As-well as shining a spotlight on the secret financial arrangements of the rich and powerful, the so-called Panama Papers have laid bare London's role as a vital organ of the world's tax-haven network.</p><p></p><p>The files leaked from Panama law firm Mossack Fonseca exposed Britain's link to thousands of firms based in tax havens and how secret money is invested in British assets, particularly London property.</p><p></p><p>Critics accuse British authorities of turning a blind eye to the inflow of suspect money and of being too close to the financial sector to clamp down on the use of its overseas territories as havens, with the British Virgin Islands alone hosting 110,000 of the Mossack Fonseca's clients.</p><p></p><p>- Capital of 'funny money' -</p><p></p><p>The files showed that Britain had the third highest number of Mossack Fonseca's middlemen operating within its borders, with 32,682 advisers.</p><p></p><p><a href="https://www.yahoo.com/news/panama-papers-reveal-london-centre-spiders-173713142.html" target="_blank">https://www.yahoo.com/news/panama-papers-reveal-london-centre-spiders-173713142.html</a></p></blockquote><p></p>
[QUOTE="_CY_, post: 2868299, member: 7629"] [SIZE=6][B]Panama Papers reveal London as centre of 'spider's web'[/B][/SIZE] April 6, 2016 [IMG]https://www.yahoo.com/sy/ny/api/res/1.2/pp2AuAegZNxh5PAYiqkq_w--/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9ODAwO2lsPXBsYW5l/http://media.zenfs.com/en_us/News/afp.com/Part-DV-DV363059-1-1-0.jpg[/IMG] Critics accuse British authorities of turning a blind eye to the inflow of suspect money and of being too close to the financial sector to clamp down on the use of its overseas territories as havens London (AFP) - As-well as shining a spotlight on the secret financial arrangements of the rich and powerful, the so-called Panama Papers have laid bare London's role as a vital organ of the world's tax-haven network. The files leaked from Panama law firm Mossack Fonseca exposed Britain's link to thousands of firms based in tax havens and how secret money is invested in British assets, particularly London property. Critics accuse British authorities of turning a blind eye to the inflow of suspect money and of being too close to the financial sector to clamp down on the use of its overseas territories as havens, with the British Virgin Islands alone hosting 110,000 of the Mossack Fonseca's clients. - Capital of 'funny money' - The files showed that Britain had the third highest number of Mossack Fonseca's middlemen operating within its borders, with 32,682 advisers. [URL]https://www.yahoo.com/news/panama-papers-reveal-london-centre-spiders-173713142.html[/URL] [/QUOTE]
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