Panama Paper Ethics

Decent Essays
Assignment 3- Communications, Ethics, and Politics Paper Just at the beginning of this month, on April 3, a gigantic leak of documents called the Panama Papers was published by the International Consortium of Investigative Journalists (ICIJ). Obtained from a global law firm based in Panama called Mossack Fonseca, the Panama Papers are documents that contain 11.5 million records from the past 40 years and include details on more than 214,000 offshore entities connected to people, ranging from political figureheads to criminals, in more than 200 countries and territories. The reason this is such a prime example of a leak is because the Panama Papers reveal everything about offshore tax havens and, as director of ICIJ said in a CNN article on the topic, "'The offshore world really only has one product and that is secrecy and when you take away that product they don't have anything for sale". This means that the leak shattered the secrecy of Mossack Fonseca's offshore industry, therefore possibly destroying the entire industry in itself. Although a direct effect is not currently seen on political candidates in the upcoming election of the President of the United States, the leak of these files has carried forward negative…show more content…
Under the circumstances that the leaked Panama Papers create, anytime is a bad time for their leak because so many political figures are revealed in the documents and no matter what position you hold in politics, you will be attacked by the media for being included in those documents as well as potentially punished for your involvement in offshore industries. Without the follow up and opinions of the media, leaks such as the Panama Papers would not blow up to the extent that they do and would not create such a wave of actions in
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