Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://www.socialistparty.org.uk/articles/22523

Posted on 5 April 2016 at 15:12 GMT

  (Click to enlarge)

Panama Papers: They're all in it together!

Dave Murray

It has been called the "biggest leak in history": 2.6 terabytes of information, containing 11.5 million files - the client database of Mossack Fonseca, a shady Panamanian law firm - was secretly passed to the International Consortium of Investigative Journalists (ICIJ) roughly a year ago.

What companies like Mossack Fonseca do is allow the global rich to hide their money. Of course when we say hide we mean "steal" and when we say "their" we mean "our", since most of this cash has been generated by fraud, theft, illegal trafficking of drugs, people and weapons, misappropriation of public funds, corruption in public office, tax avoidance and tax evasion.

The anonymous shell companies, foundations and trusts they set up have been likened to "getaway cars" for the high-end criminal. You load up the swag and put your foot down. On second thoughts, drive as slowly as you like - the cops are in on it.

Media focus

The ICIJ started to release the story over the last few days through respectable outlets like the Guardian and the BBC. What is remarkable, given the wealth of new evidence, is that the focus has been on cases that were already in the public domain.

For example, David Cameron's late father, who set up an offshore trust to hide the family millions from UK tax collectors (widely reported in 2012). Or Syrian dictator Bashar al Assad's bagman, Rami Makhlouf (sanctioned by the EU in 2011).

Another focus has been on people from the Washington book of bad guys such as Vladimir Putin, or various members of the politburo of the Chinese 'Communist' party, all of who, unsurprisingly, have secret hoards of cash.

Is it possible that most of the people implicated in this scandal are 'respectable' business figures and politicians from western 'democracies'? People like Cameron who says that his tax affairs are a "private matter" and who claims to have done nothing illegal? The ICIJ's data would seem to say so - with the UK featuring strongly as a source of dirty money.

While 2,200 children die every day from diarrhoea, an easily treatable illness, $20 trillion sits anonymously in offshore jurisdictions around the world. Tax avoidance is not a victimless crime.

Unfortunately, while the villains make the rules, it is not a crime at all.

However, the departure of Icelandís prime minister over the scandal shows that mass public pressure can achieve change. It's time to put them all out of business.

See also 'Fighting the great tax robbery'


This version of this article was first posted on the Socialist Party website on 5 April 2016 and may vary slightly from the version subsequently printed in The Socialist.

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.






Related links:

Tax:

triangleBristol South Socialist Party: The battle that defeated the Poll Tax

triangleCaerphilly & RCT Socialist Party: The fight against the poll tax

triangleCardiff East Socialist Party: How we beat the Poll Tax

triangleTurn Carillion crisis into movement against privatisation and capitalism

triangleCardiff West Socialist Party: How the Poll Tax was beaten

Socialist:

triangleSchool strike forces head to say privatisation will stop

triangleSheffield Socialist Party May Day meeting

triangleCaerphilly & RCT Branch Socialist Party: How can a socialist Northern Ireland be built post-Brexit?

Rich:

triangleBillions for the bosses, benefit cuts for us

triangleMajority of kids poor in some areas

triangleCapitalists fear for their system at Davos

Wealth:

triangleWidening wealth gap, increase in poverty...make the fat cats pay

triangleThem & us

Crime:

triangleAlienation and austerity behind London deaths - fight for socialism

HM Revenue and Customs:

triangleArgos fails to pay staff minimum wage - taxman cuts fine in half!

News and socialist analysis

News and socialist analysis

25/4/18

Labour

RMT Labour Party affiliation debate - where do socialists stand?

25/4/18

Immigration

Windrush scandal: Tories and Blairites must go

25/4/18

Election

Tories out!

18/4/18

Racism

Enoch Powell's racist 'Rivers of Blood' rant 50 years on

18/4/18

Them & Us

Them & Us

18/4/18

Super-rich

Billions for the bosses, benefit cuts for us

18/4/18

NHS

1,400 beds empty as patients lay in corridors: health unions must act now

18/4/18

Housing

Young people need homes

18/4/18

Labour

For a fighting, democratic Labour Party

11/4/18

EU

A socialist approach to Corbyn and a customs union

11/4/18

Child poverty

Child poverty to hit 5m by 2021 - strikes can stop the cuts

11/4/18

Equal pay

Gender pay gap figures show need for trade union action

10/4/18

Young people

Alienation and austerity behind London deaths - fight for socialism

4/4/18

Labour

Fight the Tory enemy

4/4/18

Northern Ireland

Northern Ireland: peace process on the brink

triangleMore News and socialist analysis articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

LATEST POSTS

CONTACT US

Phone our national office on 020 8988 8777

Email: info@socialistparty.org.uk

Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 0798 202 1969

East Mids: 0773 797 8057

London: 020 8988 8786

North East: 0784 114 4890

North West 07769 611 320

South East: 020 8988 8777

South West: 07759 796 478

Southern: 07833 681910

Wales: 07935 391 947

West Mids: 02476 555 620

Yorkshire: 0114 264 6551

ABOUT US

ARCHIVE

Alphabetical listing


April 2018

March 2018

February 2018

January 2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999