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Accounting has a rich history going back approximately 7,000 years [0]. This decade will get an entry in that history as "and in the early 21th century, it became a matter of public record how rich people actually managed their money".

It might be easy to underestimate how tectonic papers like this are.

[0] https://en.wikipedia.org/wiki/History_of_accounting



I haven't been following the fallout of the Panama Papers leak, but has anything concrete (and positive for us vanilla tax payers) actually come out of it? Or did the ultra wealthy simply move their tax evasion schemes to a different set of countries?


Laws havent been reported to have changed, a few people had legal consequences, a few people had reputational consequences, most didnt because what they did may be misunderstood but not illegal


https://old.reddit.com/r/PanamaPapers/comments/4e7f1n/person... (last updated 2 years ago, so without more recent developments)


Just different agencies at the same countries.




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