It is not the people with small holding who are capable of hiding away their wealth from the tax authorities – unless they bury it or stuff it under a mattress.
The new Panama leaks have once again provided a fleeting glimpse into the world of finance capitalism. These newly obtained documents display how Mossack Fonseca went into damage control mode and scaled down their operations following the first leak in 2016.
Read More: How the Global Rich Exploited Secretive Offshore Tax Havens? & The Tilted Global Scales: Tax Havens and Financial Secrecy