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Why the Panama Papers' birthday is no cause for celebration

Tove Ryding

03 Apr 2017 15:08:29

Happy birthday Panama Papers! Today [April 3] marks one year since billions of dollars stashed away in secret bank accounts suddenly saw the light of day when the International Consortium of Investigative Journalists published findings from over 11 million leaked documents. Overnight, politicians, corporate leaders and celebrities found their dirty laundry exposed on front pages around the world. Despite the name, Panama Papers was not just about Panama. The tax services offered by law firm Mossack Fonseca had been used by wealthy clients all around the world, and the scandal had links to over 20 different tax havens. Panama Papers was not the first scandal either – in recent years we’ve seen numerous examples of large multinational corporations and wealthy individuals dodging taxes. ...