Simplifying Complexity

Decoding the Panama Papers - Part 1

Apr 1, 2024

Brooke Harrington and Herbert Chang from Dartmouth College discuss offshore finance, likening it to skipping a restaurant bill. They delve into using data from the Panama Papers for quantitative research, highlighting the challenges in prosecuting tax evaders and the burden on the public. The podcast explores the evolution of wealth management and the complexities of analyzing network structures in offshore data.

46:07

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Episode guests

Brooke Harrington

Herbert Chang

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Episode notes

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Quick takeaways

Offshore finance enables tax avoidance strategies for the ultra-wealthy, shifting tax burdens to the general public.

Historical evolution of trust mechanisms in common law influences asset protection strategies in offshore finance networks.

Deep dives

The Origin of Qualitative Research in Offshore Finance

Brooke Harrington's journey into studying offshore finance originated from her childhood experiences and later academic pursuits. Despite the challenges of studying the ultra-wealthy, she discovered that rich individuals rely on experts for financial management, leading her to study the professional wealth managers who navigate the offshore financial system.

Introduction

5min

Uncovering the Secrets of Offshore Finance

5min

Unpacking Offshore Finance and Wealth Management

15min

Navigating Offshore Finance: Challenges and Collaborations

7min

Exploring Herbert's Diverse Expertise and Academic Background

2min

Unveiling the Network Structure of Offshore Data

8min

Analyzing Data Connections and Network Structures in the Panama Papers Dataset

4min

In today’s episode, we’re joined by Brooke Harrington, Professor of Sociology at Dartmouth College and Herbert Chang, Assistant Professor of Quantitative Social Science at Dartmouth College, to discuss the world of offshore finance.

You’ll hear about how using offshore finance is akin to eating at a restaurant and skipping out on the bill, and how Brooke trained to be a wealth manager to better understand how the industry works. Brooke and Herbert then discuss how they used the data from the Panama, Paradise and Pandora Papers to undertake quantitative research into the networks that make offshore finance possible.

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This show is produced in collaboration with Wavelength Creative. Visit wavelengthcreative.com for more information.

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Simplifying Complexity

Decoding the Panama Papers - Part 1

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

The Origin of Qualitative Research in Offshore Finance

Tax Avoidance and Offshore Finance

Challenges and Complexities of Trusts in Common Law

Analyzing Offshore Networks and Regime Discrepancies

Remember Everything You Learn from Podcasts