A closer look
The greatest magic trick the rich ever pulled was making their money completely invisible to the IRS. In 2016, a massive data leak from a Panamanian law firm exposed the worst-kept secret in finance: politicians, celebrities, and billionaires were hoarding upwards of $32 trillion in fake offshore companies to dodge their tax bills. The public was absolutely outraged for roughly 48 hours, and then almost nothing fundamentally changed about global tax enforcement.






