this post was submitted on 03 Oct 2025
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Panama Papers (infosec.pub)
submitted 1 day ago by Stamets@lemmy.dbzer0.com to c/whitepeopletwitter@sh.itjust.works
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[–] UnderpantsWeevil@lemmy.world 64 points 1 day ago

One of the funny things about the Panama Papers was how few Americans were in it. This is not a point in America's favor, but an illustration of how loose and flimsy American tax law is in practice. You don't need these elaborate shell companies to avoid taxation, because tax avoidance for folks in the mega-million brackets is baked into the system.