This is causing reverberations all over the world
Data Leak Shakes Notion of Secret Offshore Havens and, Possibly, Nerves
They are a large and diverse group that includes a Spanish heiress; the daughter of the former Philippine dictator Ferdinand Marcos; and Denise Rich, the former wife of the disgraced trader Marc Rich, who was pardoned by President Bill Clinton. But, according to a trove of secret financial information released Thursday, all have money and share a desire to hide it. And, it seems safe to say, they and thousands of others in Europe and far beyond, in places like Mongolia are suddenly very anxious after the leak of 2.5 million files detailing the offshore bank accounts and shell companies of wealthy individuals and tax-averse companies.
"There will be people all over the world today who are now scared witless," said Richard Murphy, research director for Tax Justice Network, a British-based organization that has long campaigned to end the secrecy that surrounds assets held in offshore havens.