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Louisiana teachers' union concerned about educators' future; Supreme Court hears arguments in Trump immunity case; court issues restraining order against fracking waste-storage facility; landmark NE agreement takes a proactive approach to CO2 pipeline risks.

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Speaker Johnson accuses demonstrating students of getting support from Hamas. TikTok says it'll challenge the ban. And the Supreme Court dives into the gray area between abortion and pregnancy healthcare, and into former President Trump's broad immunity claims.

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The urban-rural death divide is widening for working-age Americans, many home internet connections established for rural students during COVID have been broken, and a new federal rule aims to put the "public" back in public lands.

Watchdogs Point to Nevada Link in Panama Papers Finance Scandal

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Thursday, April 7, 2016   

LAS VEGAS - The U.S. is one of the easiest places in the world to incorporate a company, then hide the true owner - and Nevada is one of the most common places to do it, according to a watchdog group. Consumer advocates at Global Witness have been poring over documents from the unfolding Panama Papers international finance scandal, in which leaked files point to allegedly corrupt politicians and other bad actors around the world who've secretly stashed billions in shell companies.

Eryn Schornick, policy advisor on the banks and corruption team at Global Witness, said the laws in the Silver State make it a magnet for the criminal element.

"They can use specific jurisdictions that have weaker laws in certain states like Nevada to move their funds and put them in a place where they won't be detected," she said.

Schornick said the Panama Papers reveal that shell companies incorporated in Nevada are linked to hundreds of millions of dollars in losses from schemes to defraud a wide range of groups, including Medicare, elderly investors, church members and people in the armed forces.

Schornick said Congress should tighten up incorporation laws on a federal level to eliminate the patchwork of rules that vary from state to state.

"That solution should be a public registry where all companies incorporated in the U.S. have to disclose the real owners behind them and keep that information updated," she added.

In early February, lawmakers in the U.S. House and Senate introduced the Incorporation Transparency and Law Enforcement Assistance Act. It has not yet been granted a hearing or a vote.

The house version of the bill can be read online here.


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