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World Business Report

BBC World Service

Business, Business News, News & Politics

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Business News 40

The latest business and finance news from around the world from the BBC

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A huge leak reveals elite's tax havens

April 4th, 2016

Episode 684 of 900 episodes

A huge leak of confidential documents has revealed how the rich and powerful use tax havens to hide their wealth. Eleven million documents were leaked from one of the world's most secretive companies, Panamanian law firm Mossack Fonseca. They show how Mossack Fonseca has helped clients launder money, dodge sanctions and evade tax. The company says it has operated beyond reproach for 40 years and has never been charged with criminal wrong-doing. The documents show links to 72 current or former heads of state in the data, including dictators accused of looting their own countries. We hear from the BBC's Simon Cox and Robert Palmer from Global Witness. Brussels' Zavantem Airport re-opened on Sunday for three flights amid tight security controls, 12 days after an attack by suicide bombers killed 16 people there. Jim Brunsden, a Brussels-based reporter for the Financial times, describes the challenges ahead. And as part of the BBC's Identity Season, which examines how our individual identities are changing through this movement of people and ideas, we sent Elizabeth Hotson to Dubai International Airport which sees more international travellers than any other - to hear some of those traveller's tales.

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