Tax Pros Repelled But Not Stunned By Pandora Papers Leaks

By Joseph Boris (October 4, 2021, 6:34 PM EDT) -- Reactions to the Pandora Papers, a journalistic probe into how the rich and politically powerful offshore their assets to avoid taxes, poured in Monday as tax observers expressed scorn but not shock over revelations in the 11.9 million leaked documents.

For some lawyers and activists, a key point in the massive reporting published Sunday by the International Consortium of Investigative Journalists, or ICIJ, was that many of the wealth-hoarding mechanisms described were entirely legal.

At the same time, at least nine governments, including some identified as having facilitated some of the reported tax maneuvers, vowed to begin investigations: Australia, Brazil, the...

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