Pandora’s Papers: How Many More Revelations Do We Need Before Outlawing Tax Havens?

Another expose of the tax secrets of the super wealthy

Ronny Rondon via Unsplash

A few hours ago, millions of papers were released containing valuable information on 35 world leaders, former heads of state and 100 billionaires.

The millions of files which emerged today by far exceeds the previous version which was unearthed by the guardian newspaper called the panama papers.

In today’s expose, we learn about the extensive property portfolio of the Azerbaijan leader worth 400 million pounds in the United Kingdom. We also get to read to about the likes of King Abdullah of Jordan, who has taken great care in amassing a number of expensive properties in Malibu, Washington and London, which is all in stark contrast to the crushing poverty of the people over whom he presides.

The timing of the release of these documents will undoubtedly overshadow the Conservative conference currently taking place in Manchester not least because what we now know about the tax arrangements of donors to the Tory party under Boris Johnson’s stewardship.

Today’s revelations vindicate the article that I wrote on tax havens a few months ago. In the post, I shed a bit of light on the historical underpinnings of this conduit for hiding money away from the tax…