As far as data leaks go, the so-called Panama Papers dwarf any other public release of corporate or state files, including the 'offshore secrets' in 2013 and 'Luxembourg tax files' in 2014. The 2.6 terabytes-worth of 11.5 million confidential documents belonging to Panamanian law firm Mossack Fonseca has refuelled public rage at the tax privileges available to the rich and powerful. But the matter ought to be looked at with a cool head.
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