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I asked everyone in the tribe to give me one topic that you want me to explore
but I'm pretty psyched about it and put it all together and umang sabarwal this one goes out to
you yeah anything and everything that you need to know about the world's
biggest data leak up to now panama paper 11.5 million documents that were held by a
panama based law firm called mossac fonseka were released at the icij
the source of this is still unknown but what they did find is that almost 2,14,000
companies exist false companies the stakeholders of these companies seem to
be prime minister president heads of states Bollywood actor business tycoon King
they appear to be there all the more than 40 countries 500 people on this
list even Indians it almost seems like a secret society of anyone who had more
than 10 - 0's in the bank account and wanted to evade paying taxes on it so what
makes this one of the biggest data leaks in history
2.6 terabytes of data with handed over with this many emails images files pdfs
files in other format
exactly does this work how does this become a way for the wealthiest members
of a society to shield their money and their assets from taxation Easy you set up
a fake company show you exactly from the small demonstration starring me o and a plant
hey o guess what I'm gonna give you a billion dollars and I'm gonna make you
the CEO of a false company what do you think of that congracts you are now
you another scene of a false company which had a billion dollars
now nobody knows where my billion dollars are but how do i spend it without anybody knowing
that it's really mine I know
hey o remeber that company then I set up in your name and i made you the CEO and they give you a
billion dollars to start it so i wanna go chill out a ski resort
and they are gonna charde me a billion dollars to be there so why don't you give them a anonymous
lawn and then allow me to chill in their ski resort for free right now russia and China are on
the top of the list with the most number of people but the ramifications of
something like this one that can be felt all around the world there are protests
taking place outside the parliament in Iceland where people actually throwing
yougurt why because the head of state was involved in money laundering China
has gone and blocked out one of its most popular micro-blogging website called
Weibo
any mention of Panama papers why because three heads of state
involved and get what vladamir putin with he's got a two billion trail that
follows him in the panama papers while it seemed that everyone has their
favorite holiday spots and it changes with the moods in the season's first
that rich people the places where they put their money and launder it also
changes switzerland is out and Panama is in that's it for me today on the whack
there's gonna be a lot of stuff coming out on the panama papaers as as the Days
roll by keep adding it in the comment section below and keep sharing this
video and telling everyone what the panama papers means I can see you again
very soon till then like comment and subscribe and if you just joined welcome
to the tribe. I love that honeymoon period where you are doing everything
together as soon as you wake up you call your partner before you go to sleep you call
your partner you spend the whole day with your partner i love that phase
average three year old will lie
every three hours and average six yr old will lie every 90 minutes and an adult
will lie almost ten to twelve times a week