Where are all the Americans in the Panama Papers?
the panama papers universe
Where are all the Americans in the Panama Papers?
April 4, 2016 3:52 p.m.
This weekend, Fusion and more than 100 other media organizations started publishing the Panama Papers, a global investigation into the secrets of offshore finance. So far it has yielded huge revelations about heads of state and politicians around the globe. Some of the biggest names to come out of the files include close friends and associates of Vladimir Putin, as well as the prime minister of Iceland, the president of Argentina, and the family of Chinese president Xi Jinping. But we haven’t seen a lot of high-wattage U.S. names in the headlines.
So far, the International Consortium of Investigative Journalists (ICIJ) has only been able to identify 211 people with U.S. addresses who own companies in the data (not all of whom we’ve been able to investigate yet). We don’t know if those 211 people are necessarily U.S. citizens. And that figure covers only data from recent years available on a Mossack Fonseca internal database — not all 11.5 million files from the leak.
In other words, that 211 number comes from just a small sliver of the data. “It’s a complete underestimate,” says Mar Cabra, head of the data and research unit at the ICIJ. Finding a precise number of Americans in the data is difficult.
Not surprisingly, though, a lot of people are asking: If this is the biggest data leak in history – and our biggest window ever onto the offshore world – where are all the Americans? After all, an estimated $150 billion in potential U.S. tax revenues disappears into offshore tax schemes each year, according to a 2014 Senate subcommittee report. We asked top experts in offshore finance to break down the American-related aspects of the Panama Papers leak.
More:
http://fusion.net/story/287671/americans-panama-papers-trove/
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So the Indian journalists are most interested in Indians, like Bollywood actress Aishwarya Rai.
Granted, everyone would want to find something on world leaders. I'm sure Donald Trump or the Clintons would be a big find for anyone, but those names don't sell as many papers in Hong Kong as Jackie Chan.
