Daniel Ellsberg must be sitting in his office in Berkeley, California laughing to himself as he reads about the Panama Papers. A hacker opened millions of files at the Panamanian law firm Mossack Fonseca that revealed the identities of ownership of off shore accounts used to hide funds by various individuals from around the world. The Prime Minister of Iceland resigned after his name was linked to one account. There are some 230,000 accounts named and the list of individuals involved is extensive. The list includes residents of Russyan, China, and the USA. It also lists other pertinent data as to the efforts made by the firm to establish tax havens along with anonymity. This release exposes the continuing efforts by business and individuals to avoid payong taxes, whereverthey are imposed. In the U.K., Mr. Cameron, Prime Minister, says that his country has made progress in this area. But, none the less, the Brits maintain extensive tax havens as part of the British realm, to wit, the British Virgin Is.; Bermuda, Gibralter, Isle of Man, and Jersey and Guernsey Islands.
More revelations will be forth coming as data is released by International media organizations. Stay tuned.
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