Democratic presidential candidate Hillary Clinton comments briefly on the disclosures revealed this week in the Panama Papers. Rough Cut (no reporter narration).
ROUGH CUT (NO REPORTER NARRATION) STORY: Democratic presidential candidate Hillary Clinton said on Wednesday (April 6) that some of the behavior revealed by the "Panama Papers" leaks this week was "clearly against the law." The leaks include more than 11.5 million documents from the Panamanian law firm Mossack Fonseca that span four decades and detail financial arrangements of prominent figures, including friends of Russian President Vladimir Putin, relatives of the prime ministers of Britain and Pakistan and Chinese President Xi Jinping, and the president of Ukraine. "Some of you may have just heard about these disclosures about outrageous tax havens and loopholes that super rich people are exploiting in Panama and elsewhere. Now some of this behavior is clearly against the law, and everyone who violates the law anywhere should be held accountable, but it's also scandalous how much is actually legal," Clinton said during a campaign event in Philadelphia. "That's why last year, I proposed a plan to shut down the so-called private tax system for the mega wealthy. We're going after all these scams and making sure that everyone pays their fair share here in America. I'm going to hold them accountable and we're going to have a special effort to track all these resources wherever they might lead." The leaks have prompted governments around the world to begin investigating possible financial wrongdoing by the rich and powerful elite. On Tuesday, Iceland's prime minister, Sigmundur David Gunnlaugsson, resigned, becoming the first casualty of the leak.