To date, the Panama Papers represent the biggest leak in history when it comes to the number of documents that leaked, comprising a massive 1.5 million files. But what’s included in those files? In essence, they expose a number of ways in which the rich can exploit offshore tax regimes.
Named as doing so are a hefty 143 politicians, including Vladimir Putin and 11 other national leaders.
One of the biggest pieces of information in the Panama Papers leak involves ex-British Prime Minister David Cameron, who ran an offshore investment fund and avoided taxes by having a group of residents of the Bahamas sign paperwork for the fund. The papers themselves were obtained by an anonymous source from Mossack Fonseca, the world’s fourth largest offshore law firm. The firm is Panama-based.
