What happens in Panama…

PoliticalSift

I think the leak will prove to be probably the biggest blow the offshore world has ever taken because of the extent of the documents – Gerard Ryle, director of the International Consortium of Investigative Journalists (ICIJ)

The Panama Papers or the Panama Leaks has shined a light onto the murky world of the separate global economy of dark money existing in tandem to the regular economy. It represents an unprecedented leak (ovrr 11.5m files from the database of the world’s fourth biggest offshore law firm, Mossack Fonseca).

This gigantic leak shows the myriad ways in which the super-rich have exploited secretive offshore tax regimes, with detailed information on more than 214,000 offshore companies, including the identities of shareholders and directors. Comprising documents created since the 1970s, the 2.6-terabyte cache of information was given to newspaper Süddeutsche Zeitung in 2015 and subsequently to the  International Consortium of Investigative Journalists (ICIJ).

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Mossack Fonseca has helped…

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