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Why a free press is vital for exposing financial injustice.

Martin Atkin

03 May 2017 09:13:38

As Antoine Deltour and Raphaël Halet - better known as the Luxleaks whistleblowers - prepare for the next legal battle to clear their names, it’s worth remembering that it was only thanks to the much-vilified “mainstream media” that the tax avoidance scandal was exposed. Leaked documents do not make a story by themselves - it also takes independent, determined journalism. The two former PwC employees are appealing against revised sentences handed down by a Luxembourg court for their part in exposing how multinational corporations used secret tax deals with the Grand Duchy to dodge taxes around the world. Although the court reduced their original punishments, the pair are fighting to clear their names altogether. But the whistleblowers deserve praise – not punishment. They were prosecuted ...

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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. ...