Premium Essay

Panama Papers

In: Philosophy and Psychology

Submitted By punktuna
Words 2347
Pages 10
The Panama Papers James Kerrigan
General Studies/Rader School of Business
Milwaukee School of Engineering

Author Note

James Kerrigan, General Studies/Rader School of Business, Milwaukee School of Engineering
Prepared for HU 432 007 Ethics for Managers & Engineers Professor Paul Hudec and submitted 5/4/2016
Correspondence regarding this article should be directed to: E-mail: kerriganjp@msoe.edu

Abstract
In this paper, the topic being analyzed is the Panama Papers. The Panama Papers are being described as the biggest collection of documents ever to be leaked. This paper will discover, present, and judge the facts of what had happened and then through the Ethical Methodology, it will come to a conclusion on whether or not what happened was ethically just or ethically wrong in doing so.

Table of Contents Abstract 2 Introduction 4 What is the Case? 4 Utilitarian View 5 Deontological View 6 Virtues View 6 Conclusion 7 References: 8

Introduction
It all began more than a year ago, when someone contacted a German investigative newspaper called the Süddeutsche Zeitung, offering a mountain of data from a Panamanian firm called Mossack Fonseca that is alleged to specialize in helping the wealthy, the powerful and the shady hide their money. Mossack Fonseca is world’s fourth biggest provider of offshore services which means it effects a lot of the world’s wealthiest people. (Figure 1.) The magnitude of the leak was 2.6 terabytes of data and 11.5 million records, some records even going back 40 years ago. The data was then shared with the International Consortium of Investigative Journalists (ICIJ) which organized an investigation for other news organizations around the world to help go through all of this leaked information. Panama Papers mentioned a lot of wealthy people of...

Similar Documents

Free Essay

Panama

...Ingenieria Comercial | Economic development in Panama between 1995-2010 | Taller de Economía Empresarial | | José Venegas Rojas | | Professor: John Cobin Santiago, Chile 2013 I. - Introduction. The controlling purpose of this paper is to review the academic literature about the economic development of Panama between 1995-2010 in Panama City. Panama is among the twenty economies which have grown the most in the past ten years, according to the World Bank, which curiously matches giving ones the administration of the Panama Canal by the United States to Panama in 1999. Most of the buildings in Panama City were built around 2000 and in order to observe this change, the financial statements of the country when it still belonged to the United States, will be analyzed so that it can be possible to consider a factor in the economic development in this country. On December 31, 1999, at midday the Panama Republic took administrative control of the Panama Canal after a long process of negotiation which started in 1977 with the signing of the Treaty between the President Jimmy Carter from the United States and the Panama president Omar Torrijos. This Treaty stated that it was an important issue that Panama guaranteed the neutrality of the Canal. This step of command happened after almost eighty-five years of diplomatic negotiations between the US and Panama. Many Panamanians considered the administration of the Panama Canal as its Third Independence after......

Words: 4057 - Pages: 17

Free Essay

Ipad Pricing Strategies

...Business 604: Panama Ricky McNeal Liberty University Dr. Stephen Preacher October 5, 2012 Abstract Panama, a small country located in Central America, is very diversified in both its people and its climate. Considered to be the isthmus connecting South America to North America, Panama has played a key role in global transportation since the creation of the Panama Canal. The canal goes through the midsection of the country connecting the Atlantic and Pacific oceans, allowing for much faster sea travel. Because of its location, Panama has been heavily influenced by several countries including Colombia which they were ruled by until 1903 and the United States which played such a large role in the realization of the canal. These foreign influences can easily be found in Panama's cuisine, music, and artwork as well as all the tribes that have settled within the country. The culture and political structures of Panama as we know it today has evolved from an incredibly diverse and interesting history. Punctuality is appreciated by business people, as is giving your host enough time to plan for your arrival. Thus, you should make appointments at least one week in advance. When you meet with your Panamanian colleagues, a handshake is a normal greeting. Do not rush into a meeting with talk of business right away. Your associates are more likely interested in......

Words: 2972 - Pages: 12

Free Essay

Fao Experience Track

...Social awareness, familiarity of speech, understanding of issues that matter in the region vs. issues important outside of the region are second nature to me. I was born and raised in Colombia, and finished high school in Panama. The political environment of Colombia and Panama shaped my cultural awareness and political understanding of these two countries’ overall climate as well as neighboring countries in the region. My understanding of Latin America is complemented by 23 years in the United States, including 21 years of service as a Marine. The Marine Corps has a culture all its own, which I understand well through 7 years of enlisted and 14 years of commissioned service. My first-hand exposure and experience in foreign countries have left a continuing personal interest in following social and political events in Panama, Colombia, and Latin America as a whole. I follow significant events pertinent to the region. Many have impacted the economy and security of the United States as well. The transition of operations and management of the Panama Canal to Panama in December 1999, and current efforts by President Santos against the FARC are among them. The transition of the Panama Canal and its surrounding territories marked a historical event for Panama and the U.S. Panama’s political position strengthened in relation to its Latin American neighbors by assuming responsibility of managing this critical and strategic asset. Operation of the canal represents......

Words: 486 - Pages: 2

Free Essay

Paper

...COLEGIO JAVIER REVALIDA DE FILOSOFÍA Nombre_________________________________________________ Dr. Aníbal Ríos. Instrucciones: No borrar, tachar, ni usar líquido corrector. Redactar su prueba con bolígrafo. Responda sus preguntas con objetividad. Desconocer estas indicaciones anula sus respuestas. Valor de la prueba 175 puntos Primera parte: Desarrollo: Vale 70 puntos. Del conjunto de preguntas responda 7, de las cuales son obligatorias la número: (1, 3,7,9 ) 1. ¿ Qué son los valores y cómo se clasifican? 2. Explique las visiones inadecuadas del hombre latinoamericano. 3. ¿Cuál es la utilidad de la filosofía? 4. ¿ Es la filosofía una ciencia? Justifique su respuesta. 5. ¿Qué aplicación puede tener la filosofía en tu proyecto de vida personal? 6. Construya su propia definición de filosofía 7. ¿Desarrolle la concepción del hombre para la filosofía griega, medieval, renacentista, moderna y contemporánea? 8. Explique el problema del ser para la filosofía. 9. Explique la teoría de los dos mundos de Platón. 10. Explique el problema de la sustancia para Aristóteles. 11. ¿Cuál es la estructura del concepto? Ponga un ejemplo. 12. ¿ Cuál es la estructura del juicio? . Ponga un ejemplo 13. ¿Cuál es la estructura del raciocinio? Ponga un ejemplo Segunda parte: Formulación de juicios: Vale 50 puntos Del conjunto de las situaciones del entorno, analice 5 de las cuales son......

Words: 821 - Pages: 4

Free Essay

Company Expansion in South America

...Florida, offering costumers cheap airfare tickets, along with, hotel, car rental, and discounts on tourist attractions. Now with twenty-four seven telephone assistant to our customers, they can book their vacation at any time. We have been named one of the most competitive price companies within the travel agencies. After seeing our companies wrong, we believe that we are prepared to expand into South America this upcoming year. With that being said and much research, our company can only expand into one country. Travel Express has consider expanding into Colombia and Panama. We believe that these two countries have a lot to offer our clients, and also countries where not that many traveling agencies have expanded. The three major factors that we researched in order to come with this conclusion are their economy and government, climate and seasons, tourism. BENEFITS AND RISKS OF EXPANSION IN COLOMBIA OR PANAMA Economy and Government Colombia’s Economy and Government Colombia is currently a democratic country, with a central government and separate powers. Just like in the United States, Colombia has Executive, Legislative, and Judiciary branches (“About Colombia,” 2014). Their current currency is Colombian’s pesos; one American dollar equals a bit over two Colombian pesos. With the Colombia peso being so weak compare to the American dollar; tourist are able to get more for their money. For example, they can vacation longer in Colombia, visit more tourist areas,......

Words: 2402 - Pages: 10

Free Essay

Promise to Purchase

...comerciante, portador del pasaporte venezolano Número 072246377, en tránsito en este circuito notarial y VERONICA DEL VALLE ZAMORA DE CASTRO, mujer, venezolana, casada, mayor de edad, comerciante, portadora del pasaporte Número 047435292, en tránsito en este circuito notarial, actuando en su propio nombre y representación quienes en adelante se denominarán LOS PROMITENTES COMPRADORES, celebran el presente Contrato de Promesa de Compraventa, de acuerdo a las cláusulas siguientes: PRIMERA: Declara EL PROMITENTE VENDEDOR que es propietario de la FINCA No. P.H. 387,141 inscrita al Documento Redi 2,181,130, Asiento número 1, de la Sección de Propiedad Horizontal, Provincia de Panamá del Registro Público, cuya superficie, medidas, linderos, restricciones y demás detalles que aparecen descritos en el Registro Público de Panamá. Dicha finca consiste en la UNIDAD INMOBILIARIA PARA USO HOTELERO distinguida con el número 46 R, ubicada en el nivel 4,600 del Edificio denominado P.H. TURÍSTICO MEGAPOLIS, debidamente incorporado al Régimen Turístico de Propiedad Horizontal tal como lo autoriza la resolución número 44-2012 fechada el 26 de abril de 2012 emitida por el Ministerio de Vivienda y Ordenamiento...

Words: 2455 - Pages: 10

Free Essay

Et Application

...Social awareness, familiarity of speech, understanding of issues that matter in the region vs. issues important outside of the region are second nature to me. I was born and raised in Colombia, and finished high school in Panama. The political environment of Colombia and Panama shaped my cultural awareness and political understanding of these two countries’ overall climate as well as neighboring countries in the region. My understanding of Latin America is complemented by 23 years in the United States, including 21 years of service as a Marine. The Marine Corps has a culture all its own, which I understand well through 7 years of enlisted and 14 years of commissioned service. My first-hand exposure and experience in foreign countries have left a continuing personal interest in following social and political events in Panama, Colombia, and Latin America as a whole. I follow significant events pertinent to the region. Many have impacted the economy and security of the United States as well. The transition of operations and management of the Panama Canal to Panama in December 1999, and current efforts by President Santos against the FARC are among them. The transition of the Panama Canal and its surrounding territories marked a historical event for Panama and the U.S. Panama’s political position strengthened in relation to its Latin American neighbors by assuming responsibility of managing this critical and strategic asset. Operation of the canal represents......

Words: 488 - Pages: 2

Premium Essay

Panama Canal Treay

...This paper will serve as many examples into the legislative process of the failure and passage of the Panama Canal Treaty. The Panama Canal Treaty is seen as one of the most controversial piece of legislature in United States history but one that will daunt President Jimmy Carter presidency. In 1964, when objectors was having a recurring episode. After four days of plunder and fighting, the Panamanian National Guard reestablished order. Eighty-five were wounded and four American died. Twenty-one Panamanians died in severe riots in their home country, they demanded U.S. withdrawal from the isthmus where the United States had had the mandate to exercise "all the rights, power, and authority" of a sovereign state since President Theodore Roosevelt orchestrated the 1903 Hay–Bunau-Varilla Treaty. In December 1964, President Lyndon B. Johnson pledge negotiations to repudiate the 1903 treaty, and by June 1967 a draft treaty was initialed. Strong opposition in both countries doomed its prospects. President Richard Nixon continue discussions in 1970, and several years later Secretary of State Kissinger signed an agreement of theory with the weak presidency of Gerald Ford jeopardized implementation and Panamanian foreign minister Juan Antonio Tack. President Carter, wanting to nurture goodwill in South America, continued negotiations and finalized two treaties based on the 1967 theory. The Canal Treaty prescribed twenty-two years for control to gradually pass to Panama.......

Words: 591 - Pages: 3

Free Essay

Panama Canal

...Panama Canal Courtez Cannady Trident University International In this paper we will be discussing the contract procurement of the Panama Canal and how it wound up in the hands of the United States. We will look at how much the French company The Compagnie Universelle du Canal Interoceaniqu lost in building the canal. How much did they demand when they first entered the negotiation? How much would the U.S. pay the French company? Since there is a huge difference, what are the tactics they played to justify their claims? What dramatically changed the whole situation so the U.S. won the negotiation? And finally, how did the U.S. secure its own interest? I will make any additional comments from the case as necessary. By 1889 the French company Campagnie Universalle wound up going bankrupt and lost around $289 million and an estimated 20,000 lives. When first entering the negotiation the French company demanded $109 million. The French company made this estimate based off of all of their holdings which were land, the panama railroad, 2,000 buildings and equipment. After an assessment, Rear Admiral Walker determined that the combined holdings of the French company did not exceed more than $40 million. Now we have to look at what the tactics were that the U.S. played to justify their claims. I think one of the main things the U.S. looked at was how the French companies attempt was such a catastrophe. The French were heading towards a bankruptcy at this point and had also lost......

Words: 540 - Pages: 3

Free Essay

Political, Economic, and Social Development of Panama

...Political, Economic, and Social development of Panama Panama’s political development: Panama has made notable political and economic progress since the December 1989 U.S. military intervention that ousted the military regime of General Manuel Antonio Noriega from power. Since that time, the country has had five successive civilian governments, with the current government of President Ricardo Martinelli of the center-right Democratic Change (CD) party elected in May 2009 to a five-year term (Sullivan, 2012). Until the May 2009 Presidential election, the fight for political power in Panama had been essentially limited to the Partido Revolucionario Democrático (PRD) and the Partido Panameñista (PP) (Economics, 2012). Both of these parties are on the right of the political spectrum and made up of elites that move smoothly between business and politics depending on the opportunities at hand (Panama, 2012) Moscoso Government (1999-2004) In her second bid for the presidency, Arnulfista Party (PA) candidate Mireya Moscoso was victorious in the May 1999 elections. President Moscoso, a coffee plantation owner and Panama’s first female president, ran as a populist during the campaign, promising to end government corruption, slow the privatization of state enterprises, and reduce poverty. She also promised to ensure that politics and corruption did not interfere with the administration of the Canal. (Sullivan, 2012) Torrijos Government (2004-2009) In the May 2004......

Words: 1352 - Pages: 6

Free Essay

Finanzas

...La Crisis Económica Mundial 1.1. Quién causó la crisis económica global? La crisis económica de los Estados Unidos ha afectado al mundo. Al principio se expandió desde la economía potencial hasta la economía real alrededor del mundo. Este estado serio y devastador de la crisis económica mundial es casi el mismo que la gran recesión en Norte América durante la segunda década del siglo pasado. La bolsa de valores de China cayó un 75% por más de seis meses. La bolsa de valores en Corea del Sur y Hong Kong cayó más de un 50%. En Europa, la caída de las bolsas de valores en Francia, Alemania e Inglaterra fue de más de 40%. Islandia y otros países estaban al borde de la bancarrota nacional. En los Estados Unidos, el gigante económico internacional, la bolsa de valores también tuvo un descenso de más de un 30%. Si vemos este asunto de manera simple, es fácil culpar a los Estados Unidos. La razón es muy sencilla: Los Estados Unidos es el país que emite los dólares americanos; más de la mitad de las transacciones a nivel mundial se originan en este país. De antemano los americanos son consumidores. No toman los ahorros como un asunto serio. La nación consume casi un tercio de la energía del mundo. Hoy la crisis financiera global se desató desde Wall Street. La crisis financiera global se origina por el desborde de las monedas mundiales. La crisis financiera en los Estados Unidos se deriva de la explosión de la burbuja en el curso del intercambio de instrumentos financieros,......

Words: 6023 - Pages: 25

Free Essay

Devil's Advocate

...Devil’s Advocate Critique In the play “Devil’s Advocate” by Donald Freed, it talked about people making choices between the good and evil. Making decisions is a very hard thing to do between the choices. It makes people have a hard time to making decisions or escape from those choices. The play takes place in Panama in 1989. It is in the Christmas Eve of 1989 and the time of the American invasion of Panama. There were only two characters act on stage in the play. Those characters are General Manuel Noriega and Archbishop Laboa. General Manuel Noriega is the Panamanian strongman who had worked for the Central Intelligence Agency since 1960. Archbishop Laboa is a famed Jesuit luminary. In the United States invasion of Panama on Christmas Eve 1989, President George H.W. Bush had woven together a tissue of lies and provocation to justify bombing and occupying a sovereign nation, Panama, in order to make what appeared to be a drug bust. General Manuel Noriega was the target of the cosmic sting. He refused the demands of the Ronald Reagan administration. Archbishop Laboa offered him sanctuary, but General Manuel Noriega had to against him. It is hard for him to made a decision. The playwright’s purpose was trying to tell people about the politics. However, the play also told people that when you have to make decisions, you should follow your heart. Do not let others take control of your decisions. If we do not make decisions by our own, we might feel regret about it. I......

Words: 883 - Pages: 4

Free Essay

Seguimiento de Trabajos de Construccion

...2012 PRACTICA PROFESIONAL SUPERVISADA PRACTICA PROFESIONAL SUPERVISADA Enero 2013 Presentado por: Emmanuel De Leon UNIVERSIDAD SANTA MARÍA LA ANTIGUA FACULTAD DE CIENCIAS Y TECNOLOGIA ESCUELA DE INGENIERIA CIVIL PROYECTO DE GRADUACIÓN PRÁCTICA PROFESIONAL SUPERVISADA “PLANIFICACIÓN, SEGUIMIENTO Y CONTROL DE LOS TRABAJOS DE CONSTRUCCIÓN DE LA ZONA DE PATIOS Y TALLERES DE LA LÍNEA UNO DEL METRO DE PANAMÁ” A REALIZAR EN LA EMPRESA: CONSORCIO LÍNEA 1 – METRO DE PANAMÁ SUPERVISADO POR: ING. OMAR DARIO DIAZ PRESENTADO POR: EMMANUEL DE LEON 8-807-2428 XX de Enero de 2013 AGRADECIMIENTO Son numerosas las personas a las que debo agradecer por ayudarme en el logro de mi carrera, es demasiado poco el decir gracias, para expresar la gratitud que siento hacia ustedes, sin embargo les agradeceré brevemente a mis seres más allegados quienes han estado a mi lado durante todo este tiempo. Le doy gracias a Dios, por estar conmigo en cada paso que doy, por fortalecer mi corazón e iluminar mi mente y por haber puesto en mi camino a aquellas personas que han sido mi soporte y compañía durante todo mi periodo de estudio y realización de esta práctica profesional. Les agradezco hoy y siempre a todos mis familiares, amigos y profesores por su apoyo, alegría, esperanza y además en todo momento me dieron buenos consejos que me brindaron la fortaleza necesaria para seguir adelante y alcanzar exitosamente mis metas. Por último y como agradecimiento especial, le......

Words: 6143 - Pages: 25

Free Essay

Economics of Panama: a Brief History

...State University Economics of Panama A Brief History Daniel Landry, Nicole Fontaine International Business Management Dr. Noonan May 7, 2015 The country of Panama is one of the most important regions of the world for the trade industry. Its geographic position has been the lifeline of the Panamanian economy since the discovery of the Isthmus of Panama by Rodrigo de Bastidas (Cite). The Isthmus of Panama is the narrow stretch of land that separates the Pacific and the Atlantic oceans. This was controlled along with the rest of the country by Spain until 1821 when they became a part of Columbia. In the year 1903 Panama became an independent republic and it established its modern governmental system. The executive branch of government is led by a President and Vice-President whom are “democratically elected for a five year term by direct vote”(Cite). There are several key elements that keep Panama afloat economically. The most important factor in Panama’s economy is the Panama Canal. This is one of the largest civil engineering projects completed and allowed an alternative to the ever-sought after Northwest Passage. The country has several exports that help the economy but nothing that drives it significantly. There are also many imports that the country has been made available to because of their massive trade route. In addition, there are areas like the Colón Free Trade Zone where increased trade is encouraged and achieved. This paper will discuss these major......

Words: 2201 - Pages: 9

Free Essay

La Vida

...COMPARATIVO DEL CRECIMIENTO, INFLACION Y DESEMPLEO DESDE LA PERSPECTIVA MACROECONOMICA PARA LAS ECONOMIAS CENTROAMERICANAS DE EL SALVADOR Y PANAMA EN EL PERIODO DEL 2005-2012” –AVANCE- ASIGNATURA: MACROECONOMIA I GRUPO TEÓRICO: 06 INTEGRANTES: Nombre | Carnet | Carmen Elisa Cortèz Alcantara | CA12040 | Martha Dinorah García Arévalo | GA12017 | Juan Carlos Rosales Morales | RM12003 | Vili Gerardo | 12006 | Manuel Alejandro Crespín Bernal | CB06015 | FECHA: SAN SALVADOR, 07 DE OCTUBRE DEL 2013 OBJETIVOS 1. OBJETIVO GENERAL Analizar el comportamiento macroeconómico del crecimiento, inflación y desempleo en el periodo del 2005-2012, comparando las economías de El Salvador y Panamá. 2. OBJETIVOS ESPECIFICOS * Determinar cuáles son los factores que explican como es el comportamiento del PIB, inflación y desempleo en el periodo del 2005-2012 para El Salvador y Panamá. * Aplicar conocimientos estudiados en la cátedra para comprender cuál es el funcionamiento macroeconómico de El salvador y Panamá. * Realizar una comparación de las economías de El Salvador y Panamá para determinar cuál es el comportamiento de cada una de ellas. JUSTIFICACION En este trabajo presentaremos algunos de los principales problemas que han ocasionado en la economía tanto de El salvador como de Panamá ya sea cambios en el crecimiento económico de cada país, como la inflación que cada economía que hemos investigado ha tenido durante......

Words: 5834 - Pages: 24