A law firm in Panama that sets up shell companies for people around the world so they can hide their financial transactions recently had a huge number of documents leaked to the public. Now these world leaders, movie stars and athletes’ tax avoidance isn’t hidden anymore. Regulators in a number of countries say they will use these documents to identify illegal activity. Following the release of this story, the scandal forced the Prime Minister of Iceland to resign. Listen to this story to hear more about identifying and regulating tax avoidance schemes.
Story Length: 4:03
AIR DATE: 04/04/2016