There are 11.5m documents and 2.6 terabytes of information drawn from Mossack Fonseca’s internal database. Is there a torrent for this or an online catalog?
No it's not being released, only the papers have it.
Panama Papers: Mossack Fonseca leak reveals elite's tax havens
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Re: Panama Papers: Mossack Fonseca leak reveals elite's tax havens
#12We changed the URL from http://panamapapers.sueddeutsche.de/articles/56febff0a1bb8d3... , despite HN's strong preference for original sources, because that page begins with an obnoxiously theatrical video that there seems to be no way to turn off. I'm pretty sure HN prefers its news articles without movie trailers.
Re: Panama Papers: Mossack Fonseca leak reveals elite's tax havens
#13There are 11.5m documents and 2.6 terabytes of information drawn from Mossack Fonseca’s internal database. Is there a torrent for this or an online catalog?
No it's not being released, only the papers have it.
That kind of makes sense. The internet sleuths would analyze it in minutes further than the reporters ever could. They like their jobs so they insist on keeping that data to themselves.
Edit: Ahh, hackernews, the tumblr sister site where inconvenient truth means downvotes :D
Re: Panama Papers: Mossack Fonseca leak reveals elite's tax havens
#14What would be the economic impact of a country recovering tens or hundreds of billions of dollars? It couldn't immediately actual economic productivity. Would it simply work out to reducing a country's debt obligations? Would it cause inflation? In what form is this wealth stored?
This is beyond my understanding of economics, would love to get any insights.
Re: Panama Papers: Mossack Fonseca leak reveals elite's tax havens
#15Planet Money did a pretty enjoyable show about setting up shell companies, that might provide some interesting context for this news:
http://www.npr.org/sections/money/2012/07/27/157499893/episo...
and
http://www.npr.org/sections/money/2016/03/30/472452808/episo...
Re: Panama Papers: Mossack Fonseca leak reveals elite's tax havens
#16Original here: https://panamapapers.icij.org
Re: Panama Papers: Mossack Fonseca leak reveals elite's tax havens
#17Once tax havens and double dutch schemes are unavailable to legally operating businesses, we can be very hopeful that instead of accumulating digits in a bank account, companies like Apple and Google will be forced to spend like the rest of the economy does. Spending is what's keeping the lights on generally speaking, so allowing some wealthy companies to just sit and mountains of wealth benefits nobody. Of course they need a war chest but nowhere near what they have now. Remember recent news about people being scared Apple would become a bank. And I'm only speaking of company wealth in digital numbers. Private wealth and immovables etc. should be exempt. The best is to give incentives to spend. Apple and Google could be incentivized to spend it on projects that benefit them and the public, but without exclusivity contracts of 20 years, maybe more like 5 years if needed.
Re: Panama Papers: Mossack Fonseca leak reveals elite's tax havens
#18FYI, for those looking for more data, stay tuned:
> ICIJ media partners been allowed to select profiles they believe are of interest to their audiences which may result in similar interactives with fewer profiles. The information in the interactive is current as of April 3, 2016 and the offshore data up to December 2015. ICIJ will release the full list of companies and people in the Panama Paper files in early May.
Re: Panama Papers: Mossack Fonseca leak reveals elite's tax havens
#19Earlier quoted context omitted.
No it's not being released, only the papers have it.
That kind of makes sense. The internet sleuths would analyze it in minutes further than the reporters ever could. They like their jobs so they insist on keeping that data to themselves. Edit: Ahh, hackernews, the tumblr sister site where inconvenient truth means downvotes :D
Actually its:
Hacker News - The little island that is not corrupted by sarcasm and sensationalism.
Re: Panama Papers: Mossack Fonseca leak reveals elite's tax havens
#20What would be the economic impact of a country recovering tens or hundreds of billions of dollars? It couldn't immediately actual economic productivity. Would it simply work out to reducing a country's debt obligations? Would it cause inflation? In what form is this wealth stored? This is beyond my understanding of economics, would love to get any insights.
One article claims there is $20 trillion hidden in tax havens.[1]
That sounds like a lot, but considering that this is money that has accumulated over the course of decades (say 30 years), and only a portion of it would be taxable (say 20%), that would give an annual revenue stream of $133 billion per year. If that all went to the US, that would be about 7 times more than is collected by the estate tax, which is less than 1% of government revenues, but still only about half of what is collected through corporate taxes.
(That $20tn estimate is actually global, though, but no breakdown by country is given)
My guess is that it would noticably benefit a country to stop tax havens, but not to the point of any drastic difference.