The Panama Papers, confidential files from the Panamanian law firm Mossack Fonseca, were leaked Sunday, ensnaring high-level Latin American politicians in a sprawling tax evasion scandal.
The set of over 11.5 million documents links the influential politicians in a scam to hide assets in shell companies and offshore tax havens, further entrenching the region in an ever-growing web of corruption.
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Major Latin American Players
5 Key Points About the Panama Papers, 4 About Tax Havens
One of the most shocking revelations is that U.S. protected multinationals and many of their allies around the world have US$32 trillion in tax havens. READ MORE
Panama Papers: Macri Linked to Offshore Tax Haven Scandal
The leaked documents identify at least 12 heads of state among 143 politicians from 50 countries, their families and close associates who have been using offshore societies located in 21 tax havens. The most senior in Latin America is Argenina's President Macri. READ MORE
The Man Who Wants to Impeach Rousseff Named in Panama Papers
Brazilian House Speaker Eduardo Cunha, who is leading a fierce attempt to impeach President Dilma Rousseff, has been implicated in the Panama Papers for receiving bribes linked to offshore companies involved in the country’s Petrobras state oil scandal. READ MORE
Panama Papers Reveal Keiko Fujimori Funded by Dirty Money
The Panama Papers have deepened the corruption already swirling around Peru’s presidential race, implicating in particular front-runner Keiko Fujimori, daughter of former dictator Alberto Fujimori, through key financial backers who hid and laundered funds with the help of Mossack Fonseca in offshore tax havens and shell companies. READ MORE