April 8, 2016

Morning News USA: Panama Papers Prove American Billionaires Are Sneakiest In The World

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Speaking with the NBC News, Matt Gardner of the The Institute on Taxation and Economic Policy said it’s also possible that American billionaires who were not implicated in the scandal simply work with other offshore companies that offer the same services Mossack Fonseca offers. After all, the United States is considered one of the tax havens in the world.
“So maybe there are revelations about specific Americans and secret funds that we haven’t heard about,” said Gardner, who adds it’s also possible it would take time before names of American billionaires would surface, given the magnitude of the leaked documents.

Speaking with the NBC News, Matt Gardner of the The Institute on Taxation and Economic Policy said it’s also possible that American billionaires who were not implicated in the scandal simply work with other offshore companies that offer the same services Mossack Fonseca offers. After all, the United States is considered one of the tax havens in the world.

“So maybe there are revelations about specific Americans and secret funds that we haven’t heard about,” said Gardner, who adds it’s also possible it would take time before names of American billionaires would surface, given the magnitude of the leaked documents.

 

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