From The Blog
8 April 2016
Plutarch describes Anacharsis' mockery of the Athenian lawgiver Solon, whose laws, 'like cobwebs, snag the frail and puny; but the rich and mighty punch through them.' As in sixth-century BC Athens, so now in the global sport of tax avoidance. The 'Panama Papers' disclosed this week by the Süddeutsche Zeitung, Guardian and others contain some 2.6 terabytes of data leaked by a whistleblower in the Panamanian law firm Mossack Fonseca. In their files, the usual telly faces, Tory party donors, oligarchs, sportspeople and surplus royals wash up; they're all in it together. So was David Cameron's late father, via the still-trading investment fund Blairmore Holdings Inc., which avoided UK tax entirely for a thirty year stretch.
8 April 2016