The web news from ‘T-Online’, Germany’s main internet provider, might not always fall under the rubric “Klatsch” (Gossip), but it is certainly not going to win any prizes for investigative journalism.
Therefore, it was somewhat surprising that one of its main articles today implied that the “Panama Papers” might be a western conspiracy, even if it was not wholly surprising that this piece of “marvelous” induction was based solely on Craig Murray’s reaction to the papers two days ago.
Nevertheless, on the whole, the drivel continues and, with one article in ‘The Guardian’ targeting Mugabe and another, in the same paper going for Iran, it would appear that the USA ‘Center for Public Integrity’ funded “International Consortium of Investigative Journalists” is aptly fulfilling its assignment.
Of course, the charade is lent some authenticity through the appearance on the list of a potpourri of western public figures, which ranges from sportsmen, such as formula one’s Nico Rosberg and football’s Lionel Messi, to David Cameron’s dad. Indeed, there is even a motley array of royals and politicians who are deemed to be close to the USA.
However, when you have Obama referring to global tax avoidance as a “huge problem”, while calling for international tax reform, a healthy skepticism is advisable and all the more so when we read elsewhere:
“After years of lambasting other countries for helping rich Americans hide their money offshore, the U.S. is emerging as a leading tax and secrecy haven for rich foreigners. By resisting new global disclosure standards, the U.S. is creating a hot new market, becoming the go-to place to stash foreign wealth. Everyone from London lawyers to Swiss trust companies is getting in on the act, helping the world’s rich move accounts from places like the Bahamas and the British Virgin Islands to Nevada, Wyoming, and South Dakota.”
The so-called “International Consortium of Investigative Journalists” might be fulfilling its assignment as best it can, but only a half-wit could be fooled by the selective reporting that is accompanying the “Panama Papers”. Furthermore, with China seeing a “powerful force” behind the leaks and Russia interpreting the attacks on Putin as an attempt to destabilize the country before elections this year, it might be the level of hypocrisy has just about reached a point where the United States in particular is in the process of becoming a laughing-stock.