‘Panama Papers’ Expose Covert World of Offshore Tax Havens
The secret’s out. Details of offshore accounts linked to a dozen current and former world leaders, among others, were made public in what may be the biggest private data leak ever. Yesterday news broke of an investigation into 2.6 terabytes of data leaked from a powerful Panamanian law firm. They allegedly reveal $2 billion in murky funds linked to Putin and new details on the FIFA bribery scandal. Now politicos in Iceland are calling for a snap election after Prime Minister Sigmundur Gunnlaugsson was implicated, and tax authorities around the world are launching investigations.