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#tax evasion

Thousands of confidential documents, amounting to a massive 2.6 terabytes, have been leaked from Panamanian law firm Mossack Fonesca, exposing how the world's financial and political leaders have been connected to tax avoidance and corruption. The leaked documents reveal how Mossack Fonesca has been helping clients set up shell companies to hold financial assets - allowing for money laundering, evasion of tax and even dodging of state-imposed sanctions. Hidden in 11.5 million secret files, 140 politicians from more than 50 countries…