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Economy

New details show extent of offshore tax havens

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A screen shot of a search for offshore companies with links to Japan in the ICIJ's database.   © Kyodo

LONDON/HANOI/TOKYO -- New revelations from the Panama Papers give a glimpse into an obscure world of some 210,000 paper companies scattered across 21 tax havens, with ties to corporations and individuals around the globe.

Western media have delved into the searchable database created by the International Consortium of Investigative Journalists, which broke the leaked documents, to shed light on connections to their countries. USA Today and The Washington Post report that at least 36 Americans accused of financial fraud and other crimes are named in the documents, including a former pro football player named by the Post.

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