The Panama Papers leak, that reveals how the rich and powerful rely on a secretive law firm to hide their wealth in tax havens, has drawn attention to a 2011 speech by Senator Bernie Sanders against the Panama-United States Trade Promotion Agreement, which became law in 2012. He noted that Panama’s entire economic output at the time was so low that the pact seemed unlikely to benefit American workers. The real reason for the agreement, Sanders argued, is that "Panama is a world leader when it comes to allowing wealthy Americans and large corporations to evade taxes." Sanders said the trade agreement "will make this bad situation much worse."
Full episodes of Democracy Now! can be viewed at the link: https://freespeech.org/collection/democracy-now.
Sign up for Our Newsletter
Get updates about the policies and topics that matter the most to you. Progressive news directly to your email.