Universal outrage and uniform condemnation. Unprecedented and unparalleled disclosure. Authorities investigating and politicians under pressure. The fallout from the leak of 11.5 million documents from Panamanian law firm Mossack Fonseca will continue to impact the wealthy, the famous and the powerful as the story develops in multiple directions.
The Panama papers represent by far the largest ever such breach of confidentiality between a law firm and its clients stretching back over forty years. Ironically, the identity of the source of the leak is unknown: his confidentiality is preserved. Yet he is championed by the international media as a 21st century Robin Hood, giving free information about the nefarious activities of the undeserving, tax-avoiding rich to the law-abiding, tax-paying poor.