What are the Pandora papers?

The Pandora papers are the the latest - and largest in terms of data volume - in a series of major leaks of financial data, and reveal how some of the world's richest people are using hidden offshore tax havens. So, how does the offshore world actually work? Is it always illegal? And why is this all such a big deal? The Guardian's Luke Harding explains
Subscribe to Guardian News on KZbin ► bit.ly/guardianwiressub
Pandora papers: biggest ever leak of offshore data exposes financial secrets of rich and powerful ► www.theguardian.com/news/2021...
The Guardian publishes independent journalism, made possible by supporters. Contribute to The Guardian today ► bit.ly/3uhA7zg
Website ► www.theguardian.com
Facebook ► / theguardian
Twitter ► / guardian
Instagram ► instagram/guardian

[@elizabethwallace8015]

Modern day gangsters without the violence. These are people that are creating wealth for themselves while the rest of the world is taxed to the point of starvation.

[@jebremocampo9194]

So the solution is to take away the taxes that lead to starvation

[@kjj8770]

If you are going to take the moral highground here then perhaps aim your sights at those who impose income tax on us in the first place. Taxation is immoral

[@jebremocampo9194]

@@kjj8770 are you a fellow Austrian economist? I feel the presence of actual reasoning...very unusual in the comment section

[@kjj8770]

@@jebremocampo9194 just a young working class brit, who realises that the state stealing someone's wealth by the means of a monopoly on violence is deeply deeply disturbing.

[@foxfx8340]

Oh no, there definitely is violence- just out of sight, out of mind, off in Sri Lanka or somewhere these people are paying children to work, often with unliveable earnings and the threat of being out on the street or violence... But to the type of person replying to this comment- that's not theft- it's only theft if someone is taxed to provide for people in need...

[@shellsbignumber2]

No suprise that the snake Tony Blair is in those papers.

[@Budanevey]

Reading through the names of the 35 current and former world leaders and other powerful political figures most implicated Tony Blair comes out highest on the Western side.

[@ebbeb9827]

war criminal and tax avoider what a guy

[@wchurchillflippingthebird3545]

Yet again TBs names mentioned in "tax dodging"

[@irasingh2498]

🟧 SERCH ADITYA RATHORE-HE ALSO MAKES INFORMATIVE CONTENT LIKE GUARDIAN

[@Antony209]

They are not after Me, They are after You, I am simply in the Way - Donald Trump

[@VinylToVideo]

“Look here, don’t look there.”

[@dara7678]

Exactly. What'll probably end up happening eventually with this kind of info is crackdown on the people that these journalists don't like (Guardian defended the Blair's in their article because they are cut from the same cloth as their owners, neoliberal globalists) and will also start pushing for tax harmony that only centralizes even further government control, will likely just tighten the net around the poor and middle classes whilst the elites build in just another system to avoid the new measures in plain sight and no one will do or say anything about it.

[@irasingh2498]

🔸 SERCH ADITYA RATHORE-HE ALSO MAKES INFORMATIVE CONTENT LIKE GUARDIAN

[@Bacony_Cakes]

Avoiding tax: Legal Evading tax: Illegal makes sense to me

[@TonyBMW]

Fax

[@caioct8589]

Each country has a different tax system. So, depending on the country your money is in, you can pay more or less tax.

[@giuseppetiso531]

Wow I can't wait for there to be zero consequences for their actions

[@emhu2594]

um, riot

[@nathanwood5977]

@@emhu2594 There will definitely be riots, protests and strikes next year..so much for Boris's levelling up.

[@mommasaiddontwatch2muchyoutube]

I'm excited too

[@patriciawalker3535]

@@mommasaiddontwatch2muchyoutube thanks

[@polarsz2594]

why would there be consequences its completely legal even if it seems wrong.

[@affalaffaa]

Anyone surprised? I was more shocked when I saw a spider in the sink this morning.

[@PHlophe]

yikes . did you crush it

[@affalaffaa]

@@PHlophe Glass and paper, textbook stuff.

[@wavydavy9816]

This has never been a secret and, as the people who use these type of tax avoidance schemes are the very same people who make up laws relating to tax and tax avoidance schemes, there's (legally) no issue here.

[@tonybennett4159]

Therein lies the real scandal. While the middle class can't avoid tax unless they turn to illegal means and the poor get thrown the scraps, the wealthy pay a far, far smaller percentage of their wealth in taxes, yet that is all legal. Worse, of course, that Bezos's space escapades are treated with awe by the media, yet those forced to scrape together a living are vilified.

[@mrtrashcompaktor1540]

yes i'll be waiting for the pangolin papers or the palindrome papers

[@eugenaakatruth-seeker1174]

@@tonybennett4159 yes exactly!! People need an uprising to this inequality!! Been going on for too long!

[@victoriawilliams2786]

@@tonybennett4159 🎯

[@irasingh2498]

🛑 SERCH ADITYA RATHORE-HE ALSO MAKES INFORMATIVE CONTENT LIKE GUARDIAN

[@Luke_05]

Finally a video where people don’t automatically press the dislike button just because they see it’s the Guardian

[@lavredisgoume]

Why would someone press dislike only because it's Guardian in general? (honestly asking, I have no idea).

[@ayouberriouch6876]

@@lavredisgoume because they're lie in many of their videos

[@lavredisgoume]

@@ayouberriouch6876 Ok thank you. Do we have some major examples of that?

[@po47325]

the one t ya rs yurt zit rat at

[@po47325]

@@lavredisgoume t ty’s tayy

[@SamuraiCrackZ]

Just like the Panama papers, nothing will be done.

[@thesunreport]

Don't be silly, we've just had over 3 minutes of the most in-depth reporting for decades, the amount of detail they released about the Pandora papers was stunning. I'm simply glad they didn't pad-out the video with barely relevant information about buying a company in Singapore, as that would have been a shame. Hold tight...it's going to be quite a ride!!!! xD

[@jenniferfigueroa1006]

Actually, Panama only holds 0,27% of the offshores companies around the world, and after the release of the "Panama Papers" the country closed 50% of those companies, and included more strict measures, so actually something was done.

[@thesunreport]

@@jenniferfigueroa1006 Maybe the 50% that were closed down simply moved their money to the other 50% of the companies that kept going. That's what a cynic would suggest btw....not me personally. :D

[@janicetaylor7516]

@@thesunreport ...oh how I wish I had your rather naive optimism. Nothing will get done about this. Its happened since Adam was a lad. The ones at the top can simply silence anyone who threatens their position at the top of the shitheap

[@rogermellie1624]

Yes, nothing at all will be done. The Elites control these schemes.

[@Fatboy0777]

Nothing that we didn't already know As usual no one ever goes to jail from that elite club

[@jebremocampo9194]

Why would they? They kept their own things safe. You should NOT ask why they can avoid tax but rather why the rest of us cannot avoid it? Eradicate tax? Or have a flat 5% tax rate. That way no one would try to leave.

[@irasingh2498]

🟢 SERCH ADITYA RATHORE-HE ALSO MAKES INFORMATIVE CONTENT LIKE GUARDIAN

[@danielbush6882]

@@Zeddem I'm pretty sure that the wealthy didn't steal money from me. If Apple makes my phone slow down to try getting me to buy the new one, then yes that's fraudulent. If Tesla continues keeping a strong hold on being the only one to work on Tesla cars and charge a lot, then yes that is oppressive. What "shady stuff" do you accuse the wealthy of?

[@Eshanas]

Panama, cumex, Afghanistan papers DO enact change. Don’t give up just because it sometimes feel slow or fought back. Do your civic duty, for your own justice!

[@fightermma]

Asalamalaykum Something I have been in search for quite sometime is a connection with somebody that goes beyond vanity. It's very hard to do in this day and age. People can be, somewhat very superficial. On my quest to achieve this I have learnt a lot about human nature. It seems to me that those who are not given traits such as beauty or being wealthy are some of the nicest, kindest and generous people. While the "gorgeous" and well off seem to be the most arrogant and greedy people out there. Of course that's not to say there aren't beautiful kind people out there. I've been in the process of change for a while now and I have made some decent changes but don't you just hate it when people can't let go of your past mistakes. I saw your profile and it intrigued me. I wanted to learn more about who you are and what type of path you would like on in life. Can we talk?

[@mrc1500]

The people of this country need to occupy the vacant properties being hoarded buy non-domiciled tax-dodgers. No wonder property prices are through the roof.

[@calumvaughan8690]

The people of this country are way too dumbed down to do that but one could wish

[@karlosdaniel6537]

The Berliners are kind of doing that.

[@irasingh2498]

⬜ SERCH ADITYA RATHORE-HE ALSO MAKES INFORMATIVE CONTENT LIKE GUARDIAN

[@wavydavy9816]

Unfortunately, they made squatting in residential property illegal. And if you're squatting then all of your property (as in stuff) is basically up for grabs (because all property is theft etc). Not much fun as it turns out 🤷‍♂️

[@caiwutian2493]

How do we fix pressing problems when the rot starts from the top?.

[@emhu2594]

cut off the head?

[@LuisGarcia-bn7ox]

We stop paying taxes too!

[@viiviqa]

i couldnt have said it better myself.

[@DC502_]

Together

[@khairulhelmihashim2510]

when you are rich and powerful, thousands of lawyers, bankers, financial advisors and wealth managers lined up to offer their services to get a cut from your immense wealth.

[@nathanielrainier5414]

I don't think they are really bothered if sooner or later the public find out more so if they can avoid paying tax on it so its still worth it even after being found out

[@justanotherguy1794]

that's what the corrupt pols, two tier legal system, and the militarized police state are for. Money well spent.

[@annabellesapphire]

This is the reporting and journalism we expect from the Guardian, thank you for shedding light on this corrupt behaviour, FULL disclosure is needed. We can't hope to turn a corner or have real equality until this stops

[@wchurchillflippingthebird3545]

No sorry Annabelle but I don't rate Guardians "Journos" they've proven their biases & the attitude towards their own country & people. Agree to disagree☮️ 🙂

[@primenumber1800]

Everybody knows that rich gets richer, poor gets poorer, everybody knows !!

[@michaelmurphy1127]

The one thing the poor haven't done is get poorer.

[@dangerman8046]

@Michael Murphy got dumber.

[@michaelmurphy1127]

@@dangerman8046 Typical left wing comment . Abuse instead of answering.

[@dangerman8046]

@@michaelmurphy1127 What's abusive about it? If you want to remain ignorant...

[@michaelmurphy1127]

@@dangerman8046 Calling people dumb and ignorant is abusive hate. As I said typical left wing. Abuse not answers.

[@vabs8477]

Thankyou for this 😊

[@sovietunionjack1505]

The rich getting richer system is a club and guess what ... You and me ain't invited. We just exist to pay for all the members' membership fees and their entertainment.

[@animeswitch]

you need money to make money. Once the ball starts rolling, you would be surprised how fast it picks up speed. knowledge is power.

[@user-nm4bs6rp9q]

Thanks!

[@legendteller4893]

Exactly as expected, but now we have the specifics.

[@AbdulAhad-ec4cg]

thanks a lot . a easy way to understand .

[@lindapierce5299]

It is very important to know who is taking advantage of their positions, by stealing and abusing public money. Many thanks for this excellent research.

[@krishnaSagar69]

I like this guy's confidence !

[@johndean1634]

Lets have a list of MPs and Members of the House of Lords please. Lets see how squeaky clean they are. Or not

[@salsabila786]

It isn't that easy to find that info if nothing is in their name. If we struggled with decades of false expenses then tax havens are on a whole new world to publicise

[@mosesm6040]

@@salsabila786 Come on! It’s easy but the publication is also treading on a thin delicate thread here! Only the vulnerable ones were mentioned and not a single American president, not even the P-grabber with his entourage of family members but just Putin? If the real list is made public no politician nor news media will ever point fingers on Africa(only one African president on the list) again when talking about corruption?

[@FightCollective]

@@mosesm6040 P- grabber??? You want to see real disgusting behaviour towards women and children (yes children) ask SleepyJoe!! Sniff sniff🤢🤢

[@irasingh2498]

🟫 SERCH ADITYA RATHORE-HE ALSO MAKES INFORMATIVE CONTENT LIKE GUARDIAN

[@johndownie9385]

The question is....where did they get the money from?

[@seebarry4068]

Love the pirate analogy

[@jonathanbrotto7278]

Love those art gallery and donations.

[@MakeSomeNoiseAgencyPlaylists]

exactly ! Fight the power, eat the rich !

[@bboykabir2]

The Guardian is amazing💯

[@wambuimaina1813]

Wow thanks

[@user-eh2hj8bx6i]

Please continue to report on these findings. We heard about the Panama Papers but didn't hear much about the consequences. Apparently some people were made to pay back taxes and some people resigned. I don't remember hearing much.

[@frankisawesomee]

Don’t forget about the “Panama papers”

[@kholeeko]

What are we going to do about it?

[@c.t5136]

It's actually very easy to find offshore investments and expensive possessions, if there is a will and a safe place to record, investigate and change, where necessary. Those are the challenges. Too many are turning blind-eyes, acquiescing and jumping on board; those are the secondary problems What would the world be like if everyone complied???

[@torosalvajebcn]

So paradoxical; those who do it, dont need to do it.

[@Banana_Split_Cream_Buns]

Greed is an addiction, for which the only comedown is jail time.

[@tahirbashir3710]

Government tham self are involved with this illegal stuff

[@TheLuminousOne]

We have to watch out for BlackRock!

[@ordinaryman4751]

Some name in this list denied involved illegal money. So please thoroughly check whether there is wrongdoing.

[@williammorgan7769]

When do the hangings start?

[@TheSaltyAdmiral]

Come to think of it, I have a pitchfork in my shed.

[@813Productions]

And just like with the Panama Papers nothing will happen...

[@uptick888]

How can we see the names?

[@truthhitman7473]

Poor people should be taxed less, especially since poverty is man made.

[@kimscott8176]

They are all crooks- face it. I went to a tax haven on vacation with a guy who was a grandson of a politician some years ago. It was Nassau Bahamas. While there he said he had to go to the bank . Why? His whole family had been hiding money there for 3 generations started by dear old Grandpa who got hooked up when he got up in Government. Then his dad died unexpectedly (aneurysm) and he got into government. I lost touch but he is probably living on the family estate in Bahamas never having paid tax in his entire life with a government pension the size of King Kong.

[@MrBriankjeld]

So info we already know ?

[@TheRadFactor]

One, why people are surprised. Two, of course nothing will happen.

[@freddylubin]

Who would have thought?

[@stevenamoah9849]

I hope this sticks

[@TheSnookerGym]

'Exscape' LOL

[@jamesroutledge9639]

Labour Tony Blair promised he would make the rich pay their fair share of tax to help the worker pay less national insurance and yet he broke that promise, he bought a house to avoid paying stamp duty which was a win win situation for seller as they never paid capital gains tax.

[@youngsteph1]

Tony warboy Blair dodging taxes. Who would have thought.

[@johnmolner5543]

His success story are everywhere 😱

[@leviticuscornwall5052]

This is why conservatives wanted brexit. So London can keep on being a giant laundromat.

[@physiocrat7143]

Nothing to do with Brexit. It began when the old rating system was abolished at the end of the 1980s.

[@zigzag3720]

Rest of Europe is a laundromat too, Brexit has nothing to do with it.

[@j.denver2453]

Britain didn't want to share a banking system with a country that once tried to end their existence.

[@physiocrat7143]

@@j.denver2453 ?

[@jjk2one]

@@j.denver2453 A country will bomb itself to control the masses not kidding

[@InfiniteEchos]

This is as unsurprising as going shopping

[@ryanchimene3628]

This makes me angry, but singling out Tony Blair for just 300K is ridiculous. I’m more interested in the guys stashing away millions

[@calumvaughan8690]

Tbf it is rare to see such an informative video from the guardian

[@iwrotethis4712]

Its because he is British and Guardian is British.

[@irasingh2498]

🟦 SERCH ADITYA RATHORE-HE ALSO MAKES INFORMATIVE CONTENT LIKE GUARDIAN

[@Crumbledink]

I'm not suggesting any dishonest actions on youtube's end, but I do find it interesting that an informative video, from a successful channel, and about such an important topic, isn't doing well in the algorithm.

[@mohammedal-talaa9541]

Look there ,, Dont look there

[@gking1338]

What goes around comes around again, we have been through this before some years ago, so unless you have your head in the sand this is common knowledge.

[@jimwright1148]

They're all at it and we stand by and watch

[@tahirbashir3710]

We all know but nothing has been done

[@user-bq7cf8oz2f]

Cinematic mode?

[@owindustry]

The question is this; what to do about it?

[@alancrider6328]

Where can we access this document? Or it's just a rumour?

[@irasingh2498]

🔹 SERCH ADITYA RATHORE-HE ALSO MAKES INFORMATIVE CONTENT LIKE GUARDIAN

[@peregrineslim4446]

Despite Putin's name being mentioned countless times, there's no mention of him in the current trove. It's all about people said to be linked to him.

[@BBHighlights335]

I know right

[@dh1380]

Putin must be the richest man on the planet Not to mention the mist successful mobster of all time

[@BBHighlights335]

@@dh1380 he is no where close to the richest man on earth. And he is not a mobster. Not sure where you got this information - but I can assure you it’s utter bs,

[@wallysmith6344]

He puts his wealth it in his closest friends names and baby mama’s name.

[@GeensQuambit]

Humanity will never become a utopian society until everyone collectively becomes far more altruistic and caring. I don't think that will ever happen. I think the rich will get richer, the poor will get poorer and then eventually all countries will bomb eachother to oblivion and there will be nothing left. Humanity could be so great, the only thing that's holding us back is ourselves. 😔

[@christopherhoyt7195]

Shakira Shakira! Oh I'm on tonight, my hips don't lie but my accountant might!

[@sannahkramer]

Mikko Pakkanen finish business man E-bros is mentioned in the Pandora papers

[@danayall889]

Panama.. paradise. . This one.. when do we just stop playing

[@overallnature1740]

respect from cambodia

[@irasingh2498]

🟧 SERCH ADITYA RATHORE-HE ALSO MAKES INFORMATIVE CONTENT LIKE GUARDIAN

[@overallnature1740]

@@irasingh2498 The Big Thank How Can I Serch ?

[@WinstonFahrenheit]

Shocked and just as shocked when I heard about the Guardian and its own tax arrangements in the Cayman Islands.

[@GodWinsInTheEnd]

Let it out. Let it ALL out...

[@beast7815]

Bitcoin already suggested that

[@jakeah1175]

Ringo Starr was listed in the Pandora papers as a tax avoider… It wasn’t enough that Paul’s talent earned it all for him in the first place

[@JeslieLaughs]

This is giving squid games when the rich people come to the island 🏝 to watch the games a bit lol 😅

[@corryjookit7818]

Claudia Schiffer was in one report about this.

[@WasNotWas999]

Whats new!!!

[@SaltyMaltyMo]

Nothing will happen to those people involved. Guaranteed.

[@lettucesalad3560]

Sell a single cigarette illegally - and the police send an entire squad to attack. Don't pay millions in taxes? Governments won't even bat an eye.

[@mjab5652]

Keep'em poor.

[@AnnieT369]

Remember to include queens.

[@michaelmurphy1127]

You'll have LBGT after you.

[@TaylorMade3906]

Not one name

[@campbellmorrison8540]

Really! you seem surprised, how many times has this be raised before but as usual nothing is done

[@JKLoans]

If as the gentleman say _"[some] people may have legitimate (and lawful) reasons why they hide their information"_ and that _"not everybody in the Pandora papers are criminals"_ I honestly have to ask the question why is this important? If people are doing these things lawfully, why all the big hoopla; and, why wasn't the distinction between the criminals and the non-criminals more clearly made instead of lumping all these things together?

[@samuraijosh1595]

The one's who are doing it lawfully are taking advantage of some loopholes. These loopholes need to be fixed. That's the most important takeaway from these papers for me.

[@alanbareiro6806]

Because they are taking money out of the system of which could be used for public social programs that solve society's issues. Like poverty, lack of access to things like food, safe to drink water, education, healthcare, etc. Basically, even if it's legal, it's still immoral.

[@samuraijosh1595]

@@alanbareiro6806 It's legal because the loopholes haven't been amended and fixed. It's not just immoral, it's borderline illegal.

[@faridefritz9962]

Nothing weird on social media down

[@Jimdrumming]

No S**t

[@coldbrewed8308]

74 dislikes from tax evaders.

[@knacka8796]

No surprise that Blairs on the list

[@moodsawa]

Proudly Kenyan....our president and his family represented us massively

[@quentinmarks8315]

Why are they called the pandora papers now and not the Panama papers?

[@lunes-1]

Pandora Box?🤤

[@markphc99]

i want a list of names and cash amounts,........... and prosecutions

[@conscious3714]

This is a game in which rich people with the help of their clever collaborators play very efficiently

[@vilmatrujillo4180]

Yew

[@farikmert7396]

We need real news reporters not puppets

[@nyxzyrus383]

Mr.Robot, the whole show was about it aint it 😂 the Dues Group

[@krouveasna459]

🌻

[@baycitie]

It's time the small fish become the big fish we are taxed to death and the rich only get richer even thru pandemic where millions lose jobs

[@lolitamorris2943]

Lo que hacen los extranjeros en Puerto Rico 🇵🇷 para evadir taxes 👀

[@jerryhernandez5122]

He said sometimes cheat. Ha ha.. dude your funny. He said sometimes again. Dude as this video keeps going you keep getting funnier.

[@tomstrag3755]

The institutions that released the names of their customers who have money offshore, should be sued by those customers for breach of trust!!!!! I love how some reporters say "it's legal but its frowned upon" well if it's legal than shut up about it!!!!!