Fallout from the Panama Papers

Guests: Gerard Ryle, James Henry

The Panama Papers, the largest whistleblower leak in history, has opened a window into the shadowy world of tax evasion, money laundering and offshore banking.  The 11 million confidential documents leaked from the Panama firm Mossack Fonseca reveal how business leaders, celebrities, and politicians, including 12 current or former heads of state, used shell companies and offshore accounts to hide their wealth and avoid taxes.  In this hour, we’ll look at what the documents reveal, the political and financial fallout, and possible reforms. We’ll also discuss why United States is one of the world’s leading tax havens. Marty’s guests are GERARD RYLE, director of the International Consortium of Investigative Journalists, and JAMES HENRY, senior fellow at Columbia University Center on Sustainable Investment and the author of Blood Bankers, Global Tax Fairness.