September 28, 2022

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Pandora Papers: Massive Leak Exposes How Elite Shield Their Wealth & Avoid Taxes in Colonial Legacy

1 min read

The Pandora Papers, described as “the world’s largest-ever journalistic collaboration,” have revealed the secret financial dealings of the world’s richest and most powerful people. “We’ve uncovered a system that benefits a few at the expense of the many,” says Ben Hallman, senior editor at the International Consortium of Investigative Journalists, who details some of the project’s main revelations so far. We also speak with Vanessa Ogle, professor of history at the University of California at Berkeley and an expert on tax havens, who says the growth of tax havens like the Bahamas and Switzerland is directly linked to wealth extraction from the developing world. “The seed money for the expansion of these tax havens comes out of the colonial world,” she explains.

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