The Panama Papers Blow the Lid off Global Tax Havens
To the Point
KCRW
4.4 • 583 Ratings
🗓️ 7 April 2016
⏱️ 55 minutes
🧾️ Download transcript
Summary
From Iceland to Beijing to Moscow, government leaders have tried to shrug off embarrassment from the so-called "Panama Papers." We hear how the United States is deeply involved in a worldwide web of tax havens for hiding trillions of dollars.
Transcript
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| 0:00.0 | Join left-right and center host Bob Shear for his new podcast, Shear Intelligence. |
| 0:06.4 | The twice-monthly podcast features thinkers and trendsetters in conversation with one of political journalism's leading voices. |
| 0:13.9 | Through the show's unique and sometimes surprising perspectives, you'll get up to speed on the current issues shaping the Beltway and the world. Find sheer |
| 0:23.7 | intelligence on KCRW's iTunes page. From KCRW in Santa Monica and PRI, Public Radio International, |
| 0:32.7 | this is To the Point. Tax avoidance, a global industry. |
| 0:41.6 | Hello again, I'm a woman al-any, and this is To the Point from Public Radio International. |
| 0:45.4 | A daily look at the issues Americans get about most. |
| 0:47.8 | The leak of 11.5 million documents called the Panama Papers has revealed a vast, deeply rooted |
| 0:53.8 | infrastructure for hiding money. |
| 0:56.0 | Anybody can do it. |
| 0:58.0 | Heads of states, investors, organized criminals, even professional wrestlers. |
| 1:02.0 | And here's the crazy part. |
| 1:04.0 | Not pay taxes on any of it. |
| 1:06.0 | It's called a shell company. |
| 1:08.0 | That is a light-hearted spoof by one of 100 news organizations with a story generating serious |
| 1:13.0 | shockwaves all over the world. |
| 1:15.1 | And the U.S. is a big part of the action. |
| 1:17.6 | There are more shell companies in the state of Delaware than there are people. |
| 1:21.6 | Today's talking point, virtual reality and full-body journalism. |
| 1:25.7 | First the news. |
| 1:28.6 | Check out KCRW's All News Channel, News 24, |
| 1:32.3 | programming from KCRW, NPR, the BBC, and more 24 hours a day. |
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