One of the biggest stories of the year is the release of the Pandora Papers, whilst we may still be at the beginning of the releases, there is already a lot of stories catching the headlines so I thought it was a great chance to talk about the offshore world and tax evasion more broadly. Joining me today to talk about the Pandora Papers and more is Robert Palmer from Tax Justice UK.
The Pandora Papers is a leak of almost 12 million documents and files exposing the secret wealth and dealings of world leaders, politicians and billionaires. The data was obtained by the International Consortium of Investigative Journalists in Washington DC and has led to one of the biggest ever global investigations. More than 600 journalists from 117 countries have looked at the hidden fortunes of some of the most powerful people on the planet. BBC Panorama and the Guardian have led the investigation in the UK.
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0:00 – Intro
4:00 – Who are Tax Justice UK?
6:30 – Why do tax havens exist?
11:55 – Pandora Papers
20:31 – How do you get people to care about tax evasion
23:45 – Closing tax loopholes
27:00 – Is HMRC underfunded?
29:22 – Tax evasion in America
34:28 – Brexit and tax evasion