2017 Panama Papers

The Panama Papers refer to a massive leak of documents from the Panamanian law firm Mossack Fonseca in 2016, made public in 2017. These documents revealed how wealthy individuals, politicians, and celebrities used offshore companies to hide their assets and evade taxes. The leak exposed widespread financial secrecy and unethical practices, leading to global outrage and calls for greater financial transparency. Investigations followed in multiple countries, highlighting issues of corruption, tax evasion, and the complex world of international finance, prompting discussions on reforms to address tax havens and enhance accountability.