09 April 2016

The Economist: The Panama papers - A torrential leak

There is much in the 2.6 terabytes of data that is yet to be noticed or revealed. The ICIJ has been drip-feeding stories daily after publishing the initial batch. More revelations were expected after The Economist went to press. And there is plenty more beyond Mossack that might be leaked: the firm has only 5-10% of the global market for shell companies. No wonder that, as one adviser to the wealthy puts it, “We’re now telling clients they have to assume anything they do offshore will become public, and they’ll have to be able to justify it when it does.

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