What is #PanamaPapers? Over 2TB of leaked bank communications exposing shell companies and tax avoidance and money laundering by HSBC, UBS, and others. CBC and Toronto Star have the names of the Canadians, but will not be releasing them since they’d face libel suits for doing so without other supporting evidence (and probably even then still).
“When asked why Canada doesn’t have the political will to put an end to the abuse of offshore tax havens, Francis replied: “Because the offshore and taxation lobby is the most powerful in this country.””
Iceland’s Prime Minister may fall over involvement with the crooked Panamanian bank.