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My prediction is this will have just as much impact as the Panama Papers. Basically none.

rmbyrro 5y ago
Of course not. Whoever could cause an "impact" either: 1) Benefits from this; 2) Is very close to someone who benefits from this; 3) Has a glass-made roof and doesn't feel precisely confident in throwing rocks at other people's roofs.
mistrial9 5y ago
> Basically none ?? secretive, highly competitive and rivalrous insider rings and you saying flatly "no impact" makes it so? the only thing that did NOT happen was "no impact".. its not public information.. how could cascading side effects be seen or measured? absolutely need more sleuthing IMO and data dumps -- not by tax bureacrats -- here and elsewhere
- deleted 5y ago
  [deleted]
- jeffh 5y ago
  "tax bureaucrats" are what took down Al Capone. These days Al would have much better lawyers and layers of shell corporations in various tax havens. He would be untouchable merely because the effort to sleuth out the truth has become much harder. Laws and regulations subdue any advantages transparency tech could bring.
  - qsdf38100 5y ago
    Are we doomed then? Modern day All Capone´s are now richer than ever, above the laws, buying whole social networks, or becoming potus. Is there anything that can be done?
room505 5y ago
From what I recall after listening to a podcast (I don't remember which one) on foreign policy, it's said that Putin was extremely angry that it was leaked because it exposed his wealth. It's also said that the Panama Papers helped create sanctions against him.
- Melatonic 5y ago
  What did it expose specifically about him?
Aliabid94 5y ago
The prime minister of Pakistan was forced to step down bc of the Panama Papers. If there's will in the courts, the leaks will have consequences.
PpEY4fu85hkQpn 5y ago
Basically none? https://www.icij.org/investigations/panama-papers/what-happened-after-the-panama-papers/ https://www.icij.org/investigations/panama-papers/what-happe...
- jacooper 5y ago
  Great that there was an impact, but still its not big enough.
paxys 5y ago
Panama Papers had a huge impact in most of the world outside the USA, including many toppled governments.

Of course not. Whoever could cause an "impact" either: 1) Benefits from this; 2) Is very close to someone who benefits from this; 3) Has a glass-made roof and doesn't feel precisely confident in throwing rocks at other people's roofs.

mistrial9 5y ago

> Basically none ?? secretive, highly competitive and rivalrous insider rings and you saying flatly "no impact" makes it so? the only thing that did NOT happen was "no impact".. its not public information.. how could cascading side effects be seen or measured? absolutely need more sleuthing IMO and data dumps -- not by tax bureacrats -- here and elsewhere

deleted 5y ago
[deleted]
jeffh 5y ago
"tax bureaucrats" are what took down Al Capone. These days Al would have much better lawyers and layers of shell corporations in various tax havens. He would be untouchable merely because the effort to sleuth out the truth has become much harder. Laws and regulations subdue any advantages transparency tech could bring.
- qsdf38100 5y ago
  Are we doomed then? Modern day All Capone´s are now richer than ever, above the laws, buying whole social networks, or becoming potus. Is there anything that can be done?

room505 5y ago

From what I recall after listening to a podcast (I don't remember which one) on foreign policy, it's said that Putin was extremely angry that it was leaked because it exposed his wealth. It's also said that the Panama Papers helped create sanctions against him.

Melatonic 5y ago
What did it expose specifically about him?

Aliabid94 5y ago

The prime minister of Pakistan was forced to step down bc of the Panama Papers. If there's will in the courts, the leaks will have consequences.

PpEY4fu85hkQpn 5y ago

Basically none? https://www.icij.org/investigations/panama-papers/what-happened-after-the-panama-papers/ https://www.icij.org/investigations/panama-papers/what-happe...

jacooper 5y ago
Great that there was an impact, but still its not big enough.

paxys 5y ago

Panama Papers had a huge impact in most of the world outside the USA, including many toppled governments.