The Panama Papers

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In the biggest ever leak of such information, 11.5 million documents handed over to a German newspaper last year reveal in graphic detail how shady Panama City law firm Mossack Fonseca set up more than 200,000 companies and trusts to form a vast network that hides the financial affairs of politicians, oligarchs and criminals.

"People have realized that they are the people getting ripped off here," said Australian Senator Sam Dastyari. In times of global austerity, this unprecedented exposé, about a secret world of money-making, where the rules don't apply to the rich, is politically explosive. Though Mossack Fonseca has never been charged with criminal wrongdoing, people must realize that the system allows the rich to dodge the rules everyone else must live by.

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