What the Pandora Papers Reveal About Offshore Wealth: QuickTake

The trove of leaked financial documents known as the Pandora Papers is the latest in a decade-long series of revelations illustrating how the world’s ultra-rich and powerful shield their fortunes from prying eyes, high taxes and law enforcement. Using avenues not available to most people, they park money in trusts, shell companies and holding companies established in jurisdictions that typically offer low taxes and a high level of anonymity.

1. What do the Pandora Papers show?

The leak of 11.9 million confidential documents names heads of state, billionaires and celebrities who use offshore companies to acquire mansions, private jets and ...