AUSTIN, Texas --- The Panama Papers, a massive leak of secret financial data relating to the use of overseas tax havens, cast an uncomfortable spotlight on many political figures and world governments. However, the 11.5 million documents contain few American names or corporations, leading some to speculate that the documents had been censored
Forget Panama: Why Corporations And The Rich Love US Tax Havens
Both Panama and the U.S. have refused to sign a treaty that requires the sharing of financial information with other countries, making both nations attractive to wealthy people and businesses eager to hide their earnings.