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.

Views?

 

 

‘Politicians can’t be trusted to clean up HSBC’: Govt revenue chiefs grilled over tax evasion scandal — RT UK

Ed Milliband MP speaking at the Labour Party c...

Ed Milliband MP speaking at the Labour Party conference. (Photo credit: Wikipedia)

It rather worries me that it takes the Russian media to highlight that UK politicians can’t be trusted to clean up HSBC.

via ‘Politicians can’t be trusted to clean up HSBC’: Govt revenue chiefs grilled over tax evasion scandal — RT UK.

I watched a parliamentary debate on this subject on TV yesterday. Let me share my observations. Firstly, the UK parliament was virtually empty, with the major parties each having just two front bench politicians – no big names. Secondly, the Labour Treasury Minister was incredibly boring – she was wordy & ineffective, just like Ed Milliband. Most importantly, the evidence is crystal clear and being quoted in the media across the World, so why isn’t David Cameron’s government being properly challenged?

Reflecting on the last four years, David Cameron’s government has been an omni-shambles, without strategy, like a butterfly flitting from issue to issue. But even more worrying, under ‘Red Ed’ Milliband, the government has not been held to account effectively. This is deeply disturbing as the country heads for an election.

Thoughts?