By Paul Lashmar/The Conversation
With the Panama Papers exposé, perhaps we can now say the fortress walls of offshore secrecy are finally cracking. Such havens allow corruption and tax avoidance to take place on a massive international scale by some of the richest and most powerful people on Earth. Meanwhile, the poor get poorer.
Western politicians have huffed and puffed about clamping down on offshore havens, but in reality their collective breath would not have knocked over a little piggie’s straw house let alone bastions of vested interest. It is thanks to investigative reporters, whistleblowers and an unprecedented international media collaboration that the matter is being forced.
Posted on April 4, 2016