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April 8, 2016

Panama Papers: Mossack Fonseca Set Up 1,000+ Companies Inside U.S.
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The massive data leak known as the Panama Papers has revealed the law
firm Mossack Fonseca set up more than 1,000 shell companies inside the
United States, once again raising questions about the United States'
role as an offshore tax haven. The papers show more than 600 shell
companies were set up in Nevada alone. Matthew Gardner of the Institute
on Taxation and Economic Policy said, "We should be thinking about this
as a very American problem, and a problem that arguably is worse here in
the states than it is in Panama."
Topics:Tax Havens

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