"The Panama Papers are not really about a central American state. They
are a glimpse through a Panamanian keyhole of an orgy of tax evasion,
money laundering and kleptocracy – amid the legitimate financial
planning – hosted by the world’s tax havens."
‘Territories such as the British Virgin Islands were encouraged to
develop financial services as a way of sustaining precarious economies.’
Photograph: Mark Lewis/Alamy
