> how the world’s rich and famous hide their money offshore It shouldn't be just the rich and famous. These schemes don't cost much. I'm sure many internet ent

> how the world’s rich and famous hide their money offshore It shouldn't be just the rich and famous. These schemes don't cost much. I'm sure many internet entrepreneurs use them, because they 're easy to setup and to do accounting (plus low taxes, ain't that sweet?). People have already stopped acting surprised when they read about big corp. dodging taxes. We live in a financially globalized world, but taxation has not been globalized. The main issue here is whether the companies are laundering money or used for illegal purposes. The tax evasion issue is too hard to solve with data exchange (which now exists). These people are always going to be finding new ways to avoid taxes. Perhaps governments should start acting smarter, like moving more to indirect taxation. Perhaps if this "leak" had happened a few years ago, when panama was still a tax haven it would have some real meat. Right now it seems like it will be used to divert attention.