Apparently there are no American politicians or businessmen listed. And no coverage on NYTimes, CNN, Fox, MSNBC, CNN, USAtoday, LA Times, etc. That seems strange to me.
US I can kind of understand since offshore banks often refuse to deal with US persons for fear of running afoul of burdensome IRS reporting requirements. The lack of Canadians in the list is surprising, though.
It is completely possible that the schemes provided in Panama wouldn't work very well for US citizens, and also the close relationship between the USA and Panama might make US citizens looking for such schemes look elsewhere.
As for the fall out not being reported in US news, it is Sunday night, and if they weren't involved, then they wouldn't have a leg up on this. Wait until Monday to pass judgement.
Coverage will come, the leaks started later in the day in the US.
As for no American politicians or businessmen, it can be explained by sample size:
The USA might have their own internal money dirty money path. Or maybe the tax haven of choice is another country for the US. Maybe the IRS has specific rules for Panama?
That this one company has skew/bias in the origin of its clients does not surprise me at all.
If we had variety of leaks from different money fixers from different countries; say from the Bahamas, Cayman Islands, Guernsey, Singapore, UAE, Monaco, Lebanon, Puerto Rico, Belize; and no US scandal, I would be very surprised.
derekja|10 years ago
seanmcdirmid|10 years ago
As for the fall out not being reported in US news, it is Sunday night, and if they weren't involved, then they wouldn't have a leg up on this. Wait until Monday to pass judgement.
BenoitP|10 years ago
As for no American politicians or businessmen, it can be explained by sample size:
The USA might have their own internal money dirty money path. Or maybe the tax haven of choice is another country for the US. Maybe the IRS has specific rules for Panama?
That this one company has skew/bias in the origin of its clients does not surprise me at all.
If we had variety of leaks from different money fixers from different countries; say from the Bahamas, Cayman Islands, Guernsey, Singapore, UAE, Monaco, Lebanon, Puerto Rico, Belize; and no US scandal, I would be very surprised.
ivan_gammel|10 years ago
Mikeb85|10 years ago
Apparently the US has some sort of treaty with Panama to prevent its use as an offshore tax haven for Americans.