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While Clinton Backed 2011 Trade Deal, Sanders Foresaw Panama Papers Fiasco

‘Panama is a world leader when it comes to allowing wealthy Americans and large corporations to evade US taxes,’ Sanders told Congress in 2011.

Who could have predicted that the global tax evasion by the world’s ultra-rich, made public this week with the release of the Panama Papers, was ushered in with the help of a free trade agreement?

Turns out, Sen. Bernie Sanders did.

In fiery speech before the U.S. Senate in 2011, Bernie Sanders declared his “strong opposition” to the “unfettered free trade agreements” with Korea, Columbia, and Panama—agreements that were being pushed for by both President Barack Obama and then-Secretary of State Hillary Clinton, Sanders’ current rival for the Democratic nomination.

“Panama is a world leader when it comes to allowing wealthy Americans and large corporations to evade U.S. taxes by stashing their cash in off-shore tax havens,” Sanders stated. “And, the Panama Free Trade Agreement would make this bad situation much worse.”

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