Saturday, April 06, 2013

INSIDE THE GLOBAL OFFSHORE MONEY MAZE

AIR DATE: April 5, 2013 - Journalists Expose Trove of Hidden Offshore Bank Accounts Around the World
SUMMARY

Around the world, government officials and individuals use offshore accounts to hide their wealth and evade heavy taxes. Hari Sreenivasan talks to Gerald Ryle, director of the International Consortium of Investigative Journalists, about the findings of a massive cross-border collaborative investigation.

Watch Journalists Expose Trove of Hidden Offshore Bank Accounts on PBS. See more from PBS NewsHour.

GERARD RYLE: Well, the data is an enormous amount of sort of very unstructured data. It's got documents, spreadsheets, financial transactions, e-mails.

And it came about because of a long investigation I did in Australia about a fraud that effectively led me to this world, this secret world that I knew nothing about, which was the world of offshore. More of Transcript>>>

SECRECY FOR SALE: INSIDE THE GLOBAL OFFSHORE MONEY MAZE
Dozens of journalists sifted through millions of leaked records and thousands of names to produce ICIJ’s investigation into offshore secrecy ­for complete coverage of findings>>>

Already one very quick result from one Country as to these findings:

Tax Haven Revelations: German Offenders Face Tough Road Ahead
5 April 2013 - German officials are demanding details on hundreds of alleged tax cheats uncovered by the "Offshore Leaks" report this week. With tighter laws in place, anxious violators probably won't get off as easy as before. read more>>>


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