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For the past week, more than a hundred media outlets around the world, coordinated by the Washington, DC-based International Consortium of Investigative Journalists (ICIJ), have been offering stories on the Panama Papers – leaked documents from the Panamanian law firm Mossack Fonseca, the world’s fourth biggest offshore law firm, which specialises in creating shell companies for their clients to use their assets in tax havens around the world. That individuals and companies use entities in tax havens for various purposes has been known for a long time, but never before has so much light been shed into this shadowy practice, which may be unethical but is certainly not always illegal....