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“A global investigation has revealed how the rich and powerful have [been] hiding their investments in mansions, exclusive beachfront property, yachts and other assets for the past quarter-century… The investigation, dubbed the Pandora Papers, was published late Sunday and involved 600 journalists from 150 media outlets in 117 countries.” AP News
“The investigation is based on a leak of confidential records of 14 offshore service providers that give professional services to wealthy individuals and corporations seeking to incorporate shell companies, trusts, foundations and other entities in low- or no-tax jurisdictions.” ICIJ
The left calls for additional transparency and stricter financial regulations both in the US and worldwide.