Offshore Leaks

Offshore leaks refer to the practice of individuals or companies hiding money and assets in offshore accounts or shell companies to avoid taxes or regulatory scrutiny. This is typically done in countries with low tax rates and strict privacy laws. Such practices have garnered attention due to concerns about tax evasion, money laundering, and transparency. Leaks of sensitive documents, like the Panama Papers, have exposed the extent of offshore financial activities and sparked calls for stronger regulations and accountability to ensure that wealth is properly taxed and financial activities are transparent.