Paradise Papers

The Paradise Papers are a leak of nearly 13.5 million confidential financial records from a Panama-based law firm, revealing how wealthy individuals and corporations use offshore accounts to potentially avoid taxes or hide wealth. Released in 2017, the documents exposed prominent figures, including politicians and business leaders, engaging in complex legal structures to manage their finances globally. While offshore banking itself isn't illegal, the leak highlighted issues of tax avoidance and transparency, prompting discussions about fairness, regulation, and global financial practices.