Panama Papers Proves Most Offshore Investments are Legal

by Mark Nestmann
Daily Reckoning

That’s what the headlines should have proclaimed. But they didn’t.

Instead, when announcing the theft of more than 11.5 million records from Panamanian law firm Mossack Fonseca, the mainstream media once again equated “offshore” with “tax evasion,” “money laundering,” and other criminal behavior.

Here are a few headlines describing the release of the so-called “Panama Papers”:

  • “Giant Leak of Offshore Financial Records Exposes Global Array of Crime and Corruption“
  • “Massive Leak Reveals the Global Elite’s Secret Cash Havens“
  • “Inside the Firm that Helps the Super-Rich Hide Their Money“

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