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Panama Papers source cites ‘income inequality’ behind leak

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Panama's reputation as a world-class financial hub is being torn apart from the double scandals of the Panama Papers and now the US designating one of its most prominent families as top money launderers for drug cartels. PHOTO: AFP

Panama’s reputation as a world-class financial hub is being torn apart from the double scandals of the Panama Papers and now the US designating one of its most prominent families as top money launderers for drug cartels. PHOTO: AFP

The anonymous source behind the leak of the Panama Papers says “income inequality is one of the defining issues of our time,” and that governments need to do more to address the issue.

Days before the information is to be made available to the public, the source released an 1,800-word statement to the German newspaper Süddeutsche Zeitung and the International Consortium of Investigative Journalists (ICIJ) explaining the motive for leaking the information and justifying the action.

“Banks, financial regulators and tax authorities have failed. Decisions have been made that have spared the wealthy while focusing instead on reining in middle- and low-income citizens,” the source wrote.

No details pointing toward the source’s identity have yet been released, but Süddeutsche Zeitung said it could confirm the statement did come from the person or entity, who first provided details about the documents.


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