The “Panama Papers” — a blizzard of 11.5 million leaked documents on the tax avoidance by slew of powerful figures — are the top news internationally. Quite a lot of world leaders have come in for hefty criticism, and PM of Iceland’s prime resigned after the information of his wife’s proprietorship of an offshore firm was made public.
With a few Americans caught up in scandal, nevertheless, the revelations have not made much of a wallow in the United States.
According to a recent survey, just 1/3rd of the Americans say that they have been following the Panama Papers “very closely” or even “fairly closely.” 2/3rd are not following the story thoroughly at all, or were not even aware of it.
Of those reimbursing at least some attention, 89% say that the accusations in documents are perhaps true, and 71% consider the person who disclosed the papers to be more of a hero than criminal.
About 1/3rd stated that they would be fuming if the claims were factual, with 47% saying they would merely be bothered & 10% said that they would not even be mainly bothered. Among all Americans, less than one-quarter said that they would be outraged.
Still, most do not feel that their country is excused from the similar issues. About 3/4 believe the level of political corruption in the United States is greater or is about the same as it is in most of the countries. About three in four want the Internal Revenue Service and the Department of Justice to examine documents for any proof that the Americans broke the law.
A 51% majority of the Americans say that tax avoidance, even if it adheres to law, is unacceptable. Opinions, however, split significantly across the income brackets. While just about 1/4th in households making under 50,000 dollars a year think that tax avoidance is acceptable, 52% of those making 100,000 dollars or more see it as just fine.
The Wealthier Americans are more likely to consider the tax avoidance themselves. 1/3rd making 100,000 dollars or more say that if they’d the chance to avoid the taxes with petite chance of it being discovered, they would probably would take part. Just 19% in the lowest income group say that they would consider such a scheme.