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→Americans: WP:PUBLICFIGURE: "f an allegation or incident is noteworthy, relevant, and well documented, it belongs in the article – even if it is negative and the subject dislikes all mention of it." No BLP violations here. |
m →After the leak: Corrected (copied from Reactions to the Panama Papers article) |
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According to the ''[[Fair Observer]]'': "The law contains many reasonable exemptions, including public corporations (who already have registers of beneficial owners); churches and other non-profits; and owners of businesses with more than 20 employees, $5 million in annual revenues and a physical presence such as an office."<ref>{{cite news|title=What the Panama Papers Have To Do With America|url=http://www.fairobserver.com/region/north_america/what-panama-papers-have-to-do-america-32329/|accessdate=28 April 2016|work=Fair Observer|date=11 April 2016|language=en-US}}</ref> However, the bill has faced resistance from the [[National Association of Secretaries of State]], who are concerned about loss of tax revenue and the burden of regulation.<ref name="SwansonApr5"/> NASS has also called for "existing solutions" being used to combat the issue, saying that "federal legislation won't work".<ref>{{cite news|title=Company Ownership|url=http://www.nass.org/nass-initiatives/nass-company-formation-task-force/|accessdate=28 April 2016|work=National Association of Secretaries of State}}</ref>
Former Secretary of State and [[Democratic Party (United States)|Democratic]] Presidential front-runner [[Hillary Clinton]] condemned "outrageous tax havens and loopholes ... in Panama and elsewhere".
[[Jürgen Mossack]] testified under oath that M.F. Corporate Services (Nevada) Ltd. had no affiliation with the Panamanian Mossack Fonseca, but the Panama Papers show that it was in fact a wholly owned subsidiary and tried to hide the relationship, ordering emails and other computer footprints deleted.<ref name=icijnev>{{cite news | url=https://panamapapers.icij.org/20160403-mossack-fonseca-offshore-secrets.html |title=Panamanian Law Firm Is Gatekeeper To Vast Flow of Murky Offshore Secrets: Files show client roster that includes drug dealers, Mafia members, corrupt politicians and tax evaders — and wrongdoing galore | first=Martha M.|last=Hamilton |date=April 3, 2016 |accessdate=April 23, 2016| work=ICIJ}}</ref><ref>{{cite news| url=http://www.economist.com/news/finance-and-economics/21696997-thinking-investigating-firm-mentioned-panama-papers-read-keys |title=Unlocking Mossack Fonseca: The key's in Sin City| date=April 16, 2016 |accessdate= April 23, 2016 |work=The Economist}}</ref> The firm was fighting an order that it turn over the details of 123 shell companies created by an associate of a former [[President of Argentina]].<ref name=icijnev /><ref>{{cite news| url=http://www.wsj.com/articles/SB10001424052702303847804579481762029605186 |title=Hedge Fund Seeks Assets in Nevada in Battle Over Argentine Debt: NML Takes Aim at Associate of Cristina Kirchner and Her Late Husband |work=Wall Street Journal |accessdate=April 23, 2016 |date=April 7, 2014 |first1=Shane |last1=Romig |first2=Santiago |last2=Pḗrez}}</ref>
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