An anonymous reader writes: The hidden wealth of some of the world's most prominent leaders, politicians and celebrities has been revealed by an unprecedented Leak of millions of documents that show the myriad ways in which the rich can exploit secretive Offshore Tax regimes. The Guardian, working with global partners, will set out details from the first tranche of what are being called "the Panama Papers". Journalists from more than 80 countries have been reviewing 11.5m files leaked from the database of Mossack Fonseca, the world's fourth biggest offshore law firm. Twelve National Leaders are among 143 politicians, their families and close associates from around the world known to have been using offshore tax havens. Among national leaders with offshore wealth are Vladimir Putin, Nawaz Sharif, Pakistan's Prime Minister; Ayad Allawi, ex-interim prime minister and former vice-president of Iraq; Petro Poroshenko, president of Ukraine; Alaa Mubarak, son of Egypt's former president; and the prime minister of Iceland, Sigmundur Davio Gunnlaugsson. The leak is one of the biggest ever - larger than the US diplomatic cables released by WikiLeaks in 2010, and the secret intelligence documents given to journalists by Edward Snowden in 2013.
Read more of this story at Slashdot.