The Panama Papers and privacy

How can the law balance the greater push for transparency with tackling offshore tax evasion?

Caption: The leak of over 11 million documents happened in 2015

Ask the person next to you how much they’re worth. Now ask them how much they earned last year. Chances are you won’t even ask the question, let alone get an answer. Prospective “The Apprentice” contestants aside, most people feel embarrassment or discomfort about discussing their financial affairs other than on a need to know basis.

Most people accept (some more reluctantly than others) that those with a “need to know” include tax authorities, such as HMRC in the UK. Even in this respect,

... read more at: http://economia.icaew.com/en/opinion/august-2017/the-panama-papers-and-privacy

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