The leak of 11.5 million documents from the files of Panama based Mossack Fonseca, the world's fourth-biggest offshore law firm, show how some of the world's most prominent people use tax havens to hide their wealth.
The records, which were obtained from an anonymous source by German newspaper "Süddeutsche Zeitung," cover a period of almost 40 years. "2.6 terabytes of data ... the largest data leak journalists have ever worked with," Süddeutsche claimed. Here you can find a compilation of DW reporting on the topic.
Officials and activists have decried a decision by EU ministers to remove several states from a tax haven blacklist. Among those delisted is Panama, less than two years after its secretive tax loopholes were leaked.
First the Panama Papers, then the Paradise Papers. Now pressure is on the EU to curb tax evasion by multinationals and the wealthy. Now it's put together its first ever blacklist of 17 tax havens. Provoking criticism that no EU countries themselves have been named and shamed.
The European Parliament will send a team to Malta to probe how rule of law is applied, as well as corruption and money laundering, a senior MEP says. It's a response to the murder of journalist Daphne Caruana Galizia.