The Offshore Empire: Why Trillions Still Hide in Tax Havens a Decade After Panama Papers

A decade after the Panama Papers exposed global tax evasion, the world's wealthiest 0.1% continue to hide $2.8 trillion in offshore accounts—a sum exceeding the entire wealth of humanity's poorest half. While international tax transparency reforms have reduced the percentage of hidden wealth, most developing nations remain excluded from these oversight frameworks, perpetuating systemic inequality as fiscal policies increasingly favor the ultra-rich.