Pandora Papers Explained | Money Trail of Super Rich People | Dhruv Rathee

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Pandora Papers have shaken the financial world after Panama Papers. Many billionaires, top government heads of counties, celebrities and sportsperson are on this list like Anil Ambani, Putin and Sachin Tendulkar, but what exactly are they? They are a Financial data Leak which shows how the super rich people across the world avoid paying taxes. This comes at a time when taxes for common people keep rising and it gets harder and harder to pay them. Two years ago, a body called the International Consortium of Investigative Journalists (ICIJ) in Washington DC was given a secret tip which led to this. I explain the whole concept of how offshore accounts and money laundering allegedly works.

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0:00 Intro
0:44 What are Pandora Papers?
3:25 How Rich save Money
07:29 Tax Avoidance vs Tax Evasion
08:36 People on the List
10:52 Problems of Capitalism
12:35 Possible Solutions
14:14 Conclusion