Clinton: I'll Shut Down Tax Havens for 'Mega-Wealthy'

Democratic presidential candidate Hillary Clinton promised to put a stop to legal tax havens used by "super-rich" people, reported The Hill.  

When speaking to the AFL-CIO convention in Philadelphia, she referred to the leak of the "Panama Papers," documents that revealed financial holdings of politicians and public figures.

She said a plan she proposed last year would shut down "outrageous tax havens and loopholes that super-rich people across the world are exploiting."

"Some of this behavior is clearly against the law," Clinton said. "but it's also scandalous how much is actually legal."

Clinton said her plan would hold users of the tax havens accountable, so that "everyone pays their fair share here in America."

Clinton helped push through the Panama Free Trade Agreement when she was secretary of state, Bernie Sanders said, according to Politico. "The results have been a disaster."

A firm co-founded by Clinton's campaign chairman John Podesta registered to lobby for a Russian bank that had secret financial operations with members of Russian leader Vladimir Putin's inner circle, said a report in the Washington Beacon. 

Closing the tax havens requires a definitive plan, said Eric Levitz in New York Magazine. But whoever leaked the documents, Levitz said, "has just given Hillary Clinton or Bernie Sanders the perfect opportunity to fill this hole in their party's platform."

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