From Panama to Paradise. An insight into secret financial dealings in the world of multinational corporations through the "Panama Papers" and the "Paradise Papers"

Document from the year 2017 in the subject Economics - Finance, , language: English, abstract: Again and again, whistleblowers tell us about secret and often illegal dealings of big companies and rich and powerful individuals. This paper wants to give basic information about the use of offshore tax havens by multinational companies like Apple and Google as well as famous athletes, Russian oligarchs and pop stars. What exactly is going on? How does it happen, what are the tricks used by the rich and famous, who helps them to hide their money and what are the consequences of these dealings for the ordinary, law-abiding citizen? Here you will find a few answers.