Panama Papers Origins In Free Trade Agreement, US Names Could Emerge

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Mark Melin
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As American names are on the cusp of appearing in the Panama Papers scandal and U.S. President Barack Obama derides “the wealthiest among us gaming the system” at a press conference, a new report points to a 2011 trade agreement that enabled wealthy citizens in tax avoidance. Panama Papers show the problem with “free trade” deals has nothing to do with “free trade” The problem many free market capitalists have with “free trade” agreements isn’t the free trade, but the questionable provisions surrounding these often lightly disclosed boondoggles that only benefit global corporations or “the wealthiest among us.” In 2009, when a…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.