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
Socrative users can import these questions using the following code: SOC-1234
December 16, 2015
3:39
In San Quentin prison, inmates can learn about money management and investing while behind bars. The teacher of the class is serving a life sentence and has earned the nickname, “Wall Street.” He learned to read as well as to trade stocks while he was in prison. There are several business school and financial experts that volunteer with the class. Many of the inmates will need financial management skills as they re-enter the outside world. Listen to hear about this program that helps inmates be more successful when they are released.
Read More