cryptohunter
Active member
- PPF Points
- 20
It is difficult to estimate the exact percentage of the total money in the world that was involved in the offshore companies revealed by the Panama Papers leak in 2016. The Panama Papers were a massive leak of financial and legal documents from the Panamanian law firm Mossack Fonseca, which provided information on the use of offshore companies by wealthy individuals and corporations for tax avoidance and other purposes.
The leaked documents revealed the existence of over 214,000 offshore companies, many of which were used to hold assets and facilitate financial transactions. However, the total value of the assets and financial transactions involved in these offshore companies is not publicly available and it would be difficult to estimate a percentage of the total money in the world.
It is worth noting that the use of offshore companies for tax avoidance and other purposes is not necessarily illegal, but the revelation of the Panama Papers led to increased scrutiny of offshore companies and a renewed focus on tax avoidance and financial transparency.
The leaked documents revealed the existence of over 214,000 offshore companies, many of which were used to hold assets and facilitate financial transactions. However, the total value of the assets and financial transactions involved in these offshore companies is not publicly available and it would be difficult to estimate a percentage of the total money in the world.
It is worth noting that the use of offshore companies for tax avoidance and other purposes is not necessarily illegal, but the revelation of the Panama Papers led to increased scrutiny of offshore companies and a renewed focus on tax avoidance and financial transparency.