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  • I must admit I don't have an excellent understanding of the relative merits of the various tax havens. From my own experience (in my job, rather than through my own offshore investments) Panama is used quite extensively by British high net worth individuals for tax efficiency purposes. I do a lot of research on BVI and Panama registered companies and public information is very difficult to come by.

    The Guardian and the BBC are focusing on the Russian connection (Putin's corrupt - no shit), and I've read somewhere that they are the only British outlets with access to a searchable directory of the leaked documents. The American news networks are largely ignoring it. I'm just wondering who has a vested interest in fingers being pointed in particular directions.

    As an aside I'm also trying to figure out why the Arab oil barons keep offshore accounts when they own everything in their countries and don't pay tax anyway. I assume it's more for money laundering purposes than tax evasion/avoidance?

  • I'll believe it when I see it.

    The leak is being administered by the International Consortium of Investigative Journalists, under the auspices of the USA Center for Public Integrity. The CPI is mostly funded by American corporate trusts and foundations.

    I'd be happily proven wrong.

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