Professional Documents
Culture Documents
What is mossack
fonseca?
What is offshore
companies?
• Panama (Country in
Central America)
• Panama is a country in central
America situated in between South
and North America.
• Panama city is capital of panama
.
Jürgen Ramón Fonseca
Mossack
Owner of the
company
• A Company which is established outside the
country is called offshore company.
Benefit of offshore
companies
• Reduced administration
• Requires little information when doing
business.
• Minimum taxes.
• Lower capital requirement
• Multi - currency bank account
• Confidentiality
Tax
haven
British Virgin Islands
Panama
Switzerland
Bermuda
Netherlands
Cyprus
Rwanda
• Estimated at
least
$7.6 TRILLION
That's upward of 8% of the worlds financial
wealth.
This Money can be use in
Are offshore accounts are
illegle?
• No , these accounts are not illegal
Names which has offshores
companies
Son's of prime minister 09
Shebaz sharif family 07
Saifullah family 34
Javed pasha 04
Benazir Bhutto 01
Rahman Malik 01
Effect on Pakistan
economy?
• As Pakistan having low economic indicators;
terrorism, extremism, severe energy deficit
• For these circumstances people invest their
money abroad.
• We have excellent and attractive C-PEC plan
(China Pakistan economic corridor ) and this
plan needed peace and political stability.
• We should make strong rules against these kids
of unethical issues.
• We should develop trust in Pakistani
community to invest in their country.
Who has been exposed so
far?
Russia President
Argentina President
Ukraine President
king of Abu Dhabi
Former Empire of Qatar
former Sudan President
England Prime minister
Former prime ministers
of
Iraq
Italy
Jordon
George
Pakista
n
Effect of Panama
papers
internationally ?
• Ice land Prime Minister Resigned
• Ukraine prime Minister Resigned
• Spain's Industry Minister resigned
• Indian prime minister Order an
inquire
• England prime Minister under
pressure
Effect on International
economy?
• More bank regularity security .
• More security by U.S prosecutors
of foreign bank
• More regulation/taxation in general
In an interview that Jürgen Mossack and Ramón
Fonseca gave to Bloomberg, Mossack said: "The
cat's out of the bag, so now we have to deal with
the
aftermath."