Panama Papers: Latest in a long line of scandals

THE publication of the Panama Papers followed LuxLeaks as the latest alliterative example of our broken global financial system.

Panama Papers: Latest in a long line of scandals

This massive data leak from the International Consortium of Investigative Journalists lays bare a plethora of documentation regarding corruption, tax evasion, and other criminality made possible by the global network of tax havens.

The documents confirm the suspicions most of us held already. So why all the excitement? Well, in the first instance, it’s the sheer scale of the information. The stash includes 11.5m documents relating to financial transactions, the sole purpose of which seems to be keeping illicit gains hidden from the view of tax authorities and criminals investigators.

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