Pandora Papers' bring renewed calls for tax haven scrutiny

Pandora's box is an artifact in Greek mythology connected with the myth of Pandora in Hesiod's Works and Days. The recent leakage of Pandora Papers brings newer light on the hidden dealings of the elite and corrupt. The total assets in question collectively would run into trillions of dollars. This is not the first leak, it is the third starting from Panama Papers to Paradise Papers and now Pandora Papers. It shows to the world what investigative journalism can deliver and that too when it is in a global collaborative mode. It is a leak of almost 12 million documents, files, emails and spreadsheets. This whole exercise has helped to expose the secret wealth and wheeling dealing they get into. It was a pure data based investigation, quite contrary to what we find in this country. The data was obtained by the International Consortium of Investigative Journalists in Washington DC and has led to one of the biggest ever global investigations. ICIJ is an US based not for profit, encompasses 280 of the best investigative reporters from more than 100 countries and territories. ICIJ wants to inspire and cultivate a global community of reporters and readers who believe journalism can bring about positive change.


The documents have been sourced from 14 financial services companies spreading across various countries including Panama, Switzerland and United Arab Emirates. The 2.9 terabyte leak is larger than the Panama Papers at 2.6 terabytes. The Pandora Papers leak is touted as the most expansive expose of financial secrecy. There are a cluster of 35 world leaders including current and former Presidents, Prime Ministers and heads of state. It also has within its fold 100 billionaires, celebrities and business leaders. It also has 400 public officials from 100 countries. There are well recognised companies which provide these services globally. The nitty gritty of the complex financial system with special expertise in offshore accounts, tax havens, shel

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