A new trove of financial documents have been leaked demonstrating that companies like Apple and Nike are using tax havens in the Carribean and Europe to save billions of dollars for the wealth elite. The documents, known as the Paradise Papers, also connect Commerce Secretary Wilbur Ross to a Russian company owned by Vladmir Putin's son.

The Center for Investigative Reporting's Michael Montgomery explains how tax havens and shell corporations operate to protect the wealthy elite and the significance of the Paradise Papers.