Second Round of Panama Papers Data to be Released

The International Consortium of Investigative Journalists (ICIJ) is reportedly releasing new data from the Panama Papers on May 9th.  This release is purported to be the largest ever release of offshore companies and the people behind them.  Additionally, this second release of information will also contain a searchable database.

The ICIJ has stated that the searchable database will include information about more than 200,000 companies, trusts, foundations and funds incorporated in 21 known tax havens, including Hong Kong and Nevada in the United States. 

The original Panama Papers that were released in April examined 28,000 documents that revealed tax evasion by 340 companies.  So that was just the tip of the iceberg when compared to the second release.

People that have already been exposed include Russian President Vladimir Putin, Iceland’s Prime Minister Sigmundur David Gunnlaugsson, and Spain’s acting industry minister Jose Manuel Soria

It will be interesting to see who is exposed in the second release of the Panama Papers.