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Latinnews Daily - 06 November 2017

Paradise Papers pose problems for Argentina’s Macri

Development: On 5 November, Argentina’s finance minister, Luis Caputo, was one of more than 120 politicians worldwide linked to tax havens in a huge data leak by the International Consortium of Investigative Journalists (ICIJ) obtained through an alleged hack of a Bermuda-based law firm, Appleby, in 2016.

Significance: Although the so-called ‘Paradise Papers’ also name Caputo’s Brazilian peer, Henrique Meirelles, and Colombia’s President Juan Manuel Santos, they could be most damaging for the Argentine government led by President Mauricio Macri who was implicated in the ICIJ’s first massive leak of data last year known as the ‘Panama Papers’. Macri managed to clear his name. Caputo must now do the same.

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