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Flashbacks to the 'Pandora Papers'.
What the 'Pandora Papers' show about how the powerful hide money from public view
A massive investigation from more than 600 journalists across the globe sheds new light into the shadowy world of offshore banking and the high-powered elites who use the system to their benefit.
The exposรฉ, dubbed the "Pandora Papers," shows how the world's wealthy hide their money and assets from authorities, their creditors and the public by using a network of lawyers and financial institutions that promise secrecy.
It's built on a trove of 11.9 million records leaked to the International Consortium of Investigative Journalists (ICIJ), which in turn shared them with partner media outlets such as The Washington Post and The Guardian for help conducting the large-scale investigation.
"These are secretive, confidential documents from offshore tax havens and offshore specialists who work to help rich, powerful and sometimes criminal individuals create shell companies or trusts in a way that often helps either obscure assets or in some cases even help avoid paying taxes," senior ICIJ reporter Will Fitzgibbon told NPR's Weekend All Things Considered.
https://www.npr.org/2021/10/03/1042885263/pandora-papers-wealthy-offshore-banks-secret