The first true tax avoidance jurisdiction was and remains Switzerland although Bermuda, Cayman Islands, Isle of Mann, Cyprus, Venezuela have been in the news as tax havens.
In fact Venezuela is now the no.1 tax haven of choice for the drug cartels and terrorists however given the internal state of that nation I wouldn't be surprised if they are moving their money out now.
I think what's truly happening is you can't hide money in this day of age since anyone, and I mean anyone seems to be able to break into any banking system and expose it.
Bit coins was a new attempt at money laundering but from what I have read even it has its flaws and too many people are getting ripped off.
Since I am poor and will never be rich all I can say is I am not someone who sits and calls people with huge amounts of money putting it offshore necessarily any more evil than people working under the table or not declaring income. The number of zeros changes but everyone wants to avoid tax. I am more concerned if its being spent to finance terrorism,the child or other abusive sex industries, crimes of violence.
Then again we could not have had World War 1 or Two or any of the wars we have had in Europe and probably elsewhere without Switzerland banking money for both sides of these wars.
I have always said it is bizarre a nation like Switzerland has been able to thrive ostensibly as a haven to protect the money of dictators, war and other criminals for thousands of years and no one has noticed?
Also principalities like Monaco, Liechenstein, Andorra, or nations like Luxembourg and Vatican City, come on they have been laundering money to avoid tax for years.
I am curious why this old news is being passed off as new news. I want to know who leaked the story. That's the real story. Who is behind the sudden interest and why? Someone pissed off someone or is in someone's way leading to this latest leak. Please let's not pretend its as a result of skilled investigative journalism. The dead give away was CBC and the Toronto Star. They wouldn't know tuberculosis if it was spit up in their face. Someone handed them the story. Who and why. They don't claim to know how they got the papers. It just magically showed up. Oh b.s. Someone leaked it. Why. I want to know. Someone get back to me when they know. Was it North Korean hacks? Iran? Aliens from outerspace trying to safe the planet? Sinister illuminati Satanist Mason Zionist friends of Beyoncé? I am curious.
It seems to have in one foul swoop exposed the derriers of her Majesty Liz, Lord Justin of Trudeau, Donald Hump, Vlad the Impaler Putin,
everyone but North Korea and China.
Call me a conspiracy theorist but it smells of a North Korean hack.