THE PANDORA PAPERS

The Pandora Papers are a set of 11.9 million leaked documents, which the International
Consortium of Investigative Journalists has coordinated with investigative journalists
from different countries to analyze and publish stories of public interest.
The Pandora Documents reveal complex networks of companies establishing
themselves across borders, often resulting in hidden ownership of money and assets. For
the Spanish part of the investigation, the most relevant consultancies have turned out to
be the Panamanian Alcogal and Trident Trust, in the British Virgin Islands, since a large
part of the national clients have created their offshore companies thanks to their
services.

A chain of scandals:

This is not the first time that a journalistic investigation uncovers information about
corruption and tax evasion networks, among some of which we have seen:

• In 2013, a report known as Offshore Leaks was published, which leaked information
on more than 500,000 offshore accounts around the world.

• In 2014, the Luxembourg Leaks or Luxleaks revealed the connections between

governments like that of that country and hundreds of transnational companies to
avoid paying taxes.

• In 2015, the Swiss Leaks leaked information about multi-million dollar operations
to evade taxes with the apparent consent of HSBC bank.

• In 2016, the Panama Papers (Panama Papers) showed that hundreds of celebrities
and leaders from around the world had hidden accounts to pay taxes, hide assets or
even launder money.
The Pandora papers demonstrate, once again, that the regulation of tax "havens" or
"lairs" in the world is weak and inefficient