Unprecedented Leak Of Confidential Financial Information May Lead To Further Crackdown By Global Tax Authorities

The article discusses the ramifications of an unprecedented leak of confidential financial information relating to the identity and details of more than a reported 100,000 individuals and offshore companies and trusts. The leak, which is reported to be 160 times larger than the 2010 Wikileaks leak of U.S. State Department cables, stems from a 15-month investigation conducted by the ICIJ using 86 journalists from 46 countries and relied on anonymous informants.