Panama Papers

The Panama Papers refer to a massive leak of over 11 million documents from the Panamanian law firm Mossack Fonseca in 2016. These documents revealed how wealthy individuals, including politicians and celebrities, used offshore tax havens to hide their assets and avoid taxes. The leak exposed the secretive world of offshore finance, raising global concerns about tax evasion, corruption, and the lack of transparency in the financial system. As a result, it sparked investigations worldwide and led to calls for greater accountability and reform in international tax laws.