The Panama-based Mossack Fonseca law firm is at the heart of the scandal, quietly providing services for high-profile clients, including apparently hiding wealth in tax havens, making money trails murky in the process.
No current or earlier Western leaders or officials so far were named, only UK prime minister David Cameron's father, Ian. Is evidence of their possible tax avoidance, money laundering or other illegal or suspect activities being concealed?
According to Forbes magazine, America had 536 billionaires in 2015, Western European countries hundreds more.
ICIJ revealed information on 140 politicians from over 50 countries with wealth hidden in 21 tax havens.
Key national leaders named include,
Yet ICIJ's Panama Papers report prominently featured Putin's image, alleging his ties to an "offshore network," despite no evidence suggesting it.
An earlier article discussed a Tax Justice Network (TJN) report, titled "The Price of Offshore Revisited," revealing an estimated $21-$32 trillion of hidden or stolen wealth stashed in largely tax-free havens secretly.
Wall Street and other major financial firms manage it.
Keeping funds hidden tax free attracts rich clients. Services are offered "no questions asked."
Governments are complicit in cover-ups. Societal costs are huge, tax justice entirely absent. Rich, powerful elites operate by different standards than ordinary folks, their wrongdoing ignored.
ICIJ indicated more than 100 "media partners" published or broadcast Panama Papers reports, including,
Nothing links Vladimir Putin to ICIJ revelations.
The BBC notoriously bashes him relentlessly, its latest smear alleging his link to,
London's The Guardian went further, yellow journalism at its worst, spuriously alleging,
No evidence corroborates the Guardian's specious allegations, the latest example of irresponsible Western media Putin bashing.
The Guardian featured in bold letters:
His spokesman Dmitry Peskov said,
He suggested ICIJ ties to Washington.
Its dubious funding sources reveal its intention to smear Vladimir Putin irresponsibly - destroying its own credibility in the process...