克漏字11-20： The Panama Papers have exposed how some of the world’s most powerful people may have used offshore bank accounts and ___1___ companies to conceal their wealth or avoid taxes. The papers — millions of leaked confidential documents from the Mossack Fonseca law firm in Panama — identify international politicians, business leaders and celebrities involved in webs of ___2___ financial transactions. The revelations have raised questions about secrecy and corruption in the global financial system. The documents named, ___3___, close associates of President Putin of Russia, the father of Prime Minister David Cameron of Britain and relatives of President Xi Jinping of China and members of the Chinese Communist Party Politburo Standing Committee. Those prominent names were among the hundreds of people that the papers tie to offshore companies. Such companies can be used to ___4___ vast wealth from tax collectors, regulators and creditors. Up till now, many of the people revealed in the papers have denied in the strongest terms that they have broken any laws. Mr. Putin said statements that misled people to ___5___ him and cast doubts on his character were all American conspiracy to destroy Russian unity. Mr. Cameron’s father initially said he had not benefited from any “offshore funds,” only to confirm later that he and his wife had profited when they sold shares in an offshore ___6___ for 30,000 pounds in 2010, the year he became prime minister. “The dividends they earned were ___7___ and taxed,” Mr. Cameron said. It is not clear how many United States citizens may have been involved. Whether the papers document any lawbreaking is still ___8___. The holding of money in an offshore company, after all, is ___9___ not illegal. However, it may be done to hide criminality from ___10___ eyes, for example, by facilitating tax evasion, money laundering or other sophisticated financial operations.
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