Meryl Streep in a scene from Steven Soderbergh's Panama Papers satire "Laundromat.”
Photo courtesy of the Venice Film Festival
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The world's richest people are playing a "black-hearted joke on all of us" Hollywood star Meryl Streep said at the premiere of a new movie based on the Panama Papers scandal.Director Steven Soderbergh shows how the massive 2016 leak of documents from the Panama law firm Mossack & Fonseca exposed the lengths the rich and powerful go to avoid paying tax.The reason the Panama Papers were exported out to the world was the work of journalists.In the film Soderbergh admits that five companies he has been involved with have been registered in the low-tax U.S. state of Delaware, where more than quarter of a million shell companies are registered to a single address.Jake Bernstein, who wrote "Secrecy World," an account of the ICIJ investigation on which the film is based, said America is now "one of the biggest tax havens in the world, and there is a lot of vested interests in keeping the system exactly how it is.
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