What Is Mossack Fonseca, the Law Firm in the Panama Papers? – The Atlantic

According to this excellent article in the Atlantic, Mossack Fonseca, a global leader, the company has become famous for its expertise in creating shell companies—and infamous for its associations.

Source: What Is Mossack Fonseca, the Law Firm in the Panama Papers? – The Atlantic

The founder’s German father, a former SS officer, left Germany after WWII.

Whilst this leak is a major embarrassment for some of its current and former clients, the real issue is whether the leak will make a difference.

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Opinion – Tory Brexit supporter claims leaving will boost pay and jobs | Daily Mail Online – John Gelmini

Dr Alf and I disagree about membership of the EU (he prefers that we stay in the EU and export more to the rest of the world whereas I would prefer that we rejoin EFTA and reignite our Commonwealth links and former trading links with South America), but pay and jobs will be boosted by exports and a move from low paid employment into areas much further up the food chain.

This is contrary to what Andrea Leadsom, a Prime Ministerial hopeful, says in this article.

Creating new jobs will take time, increased UK worker productivity and a repositioning of resources away from foreign aid which now costs us £16 billion GBP a year.
It will require a move away from £33 billion GBP transfer payments under the Barnett Formula to unproductive and non-self funded parts of the United Kingdom like Scotland, Wales and Northern Ireland.

Plus, of course, those parts of England which represent a financial drain on the productive sectors of England based on London, SE England, Cambridge and selected cities like Bath, Bristol, Leeds and Manchester. Taking real action to streamline the public sector and make it affordable whilst controlling nett immigration would free up the money needed to create the export sales force and sales that we need, retrain the workforce and retain and restructure our key industries whilst rebuilding our defences to include a powerful navy capable of defending our sea lanes and projecting power.

John Gelmini