Understanding the Panama Papers

What prompted Mattias to consider consulting financial lawyers in Panama?

• He was advised by his friends to avoid taxes.

• He wanted to invest in a new business.

• He wanted to start a charity organization.

• He was looking for a new property to buy.

What was the primary role of Mossack Fonseca as revealed by the Panama Papers?

• They were a banking institution.

• They provided insurance services.

• They were a real estate company.

• They specialized in creating offshore companies.

How did journalists manage to process the vast amount of data from the Panama Papers?

• They worked individually without collaboration.

• They teamed up with an international research network.

• They used advanced AI technology.

• They hired a private investigation firm.

What is a letterbox company primarily used for?

• Providing employment.

• Offering educational services.

• Manufacturing goods.

• Ensuring secrecy of ownership.

Why did Mattias decide against opening a letterbox company?

• He found a better opportunity in real estate.

• He was advised by his lawyer not to.

• He wanted to invest in stocks instead.

• He preferred to manage his finances legally.