Dear MEL Topic Readers,
Panama Papers
Q&A: What is the scandal about?
Panama is not
only known as its channel. It is also known as tax haven like some other
islands in the Caribbean. Tax haven is a place where taxes are levied little or
none. It also offers secrecy about who owns the money. It is then useful for
those who have a lot of money but don’t want to pay taxes, show their
identities or disclose the root of the money. Sounds very queer, doesn’t it?
So what kind
of money will be sent and kept there? Money obtained by illegal activities such
as drug deals, bribes and any non-registered cash transactions. It’s not hard
to imagine who could get such money, is it?
Now if such
secrecy is leaked and publicized in large scale, what will happen to those who
enjoy or enjoyed such haven? There are names of former and current world leaders
as well as professionals of world organizations.
Enjoy reading
the text and seeing the video what this historic scandal is about and think
what will happen to those whose names are released.
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