Saturday 3 December 2016

The rich buy secrecy and sainthood

The 'Panama Papers' are laudable journalism, but the underlying issue is one of ideology, says Gene Kerrigan

Published 10/04/2016 | 02:30

Mossack Fonseca, law firm at the centre of the leaked so-called 'Panama papers'. Photo: AP Photo/Arnulfo Franco
Mossack Fonseca, law firm at the centre of the leaked so-called 'Panama papers'. Photo: AP Photo/Arnulfo Franco

The first thing that has to be said about the Panama Papers is that this is a wonderful example of thorough journalism. It took a year to bring it to print and it cost a fortune, with about 400 journalists involved, in 76 countries. Well done to all involved and may we see a lot more of this kind of thing.

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The second thing that has to be said is that the Irish and British stuff is kind of boring. People have been named as having offshore accounts, but with little detail as to what they did with them. It is entirely legal to own an offshore account.

The third thing that has to be said is that, to quote F Scott Fitzgerald, the rich are different. No, it's not just that they have more money - they have more lawyers.

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