Facing pressure to disclose more information on how the world’s wealthiest people may be avoiding their taxes, the International Consortium of Investigative Journalists and German newspaper Süddeutsche Zeitung released on Monday a searchable database of the Panama Papers, detailing names, banks, trusts and other entities participating in offshore tax shelters.
Among them are top American banks, including Bank of America, Wells Fargo, JPMorgan Chase, Citigroup, Morgan Stanley and Goldman Sachs. The database also named foreign banks with a strong presence in the U.S., including HSBC, Barclays, Deutsche Bank, BNP Paribas, Société Générale, ABN Amro, Credit Suisse and UBS. Continue reading