Panama Papers: where the money is hiding

Companies in Mossack Fonseca database “connected” to a particular country by address. The data also shows clients, beneficiaries, and shareholders by country. Source: ICIJ — Map created by Brian Kilmartin in CartoDB

Sourced through Scoop.it from: briankilmartin.cartodb.com

When I heard that New Zealand was implicated, I was thinking, this makes sense being out in the middle of nowhere, such that we largely go unnoticed outside of sport. Perhaps Helen Clark’s nomination for the UN Secretary-General role might be a notable exception.

The real story looks more like the Internet IP  redirection you see on spy movies and makes a lot more sense. If people have enough money to hide off-shore, a lot of them will want to spread the risk and this clearly shows where it is. I don’t understand how this all works, but the interesting number to me is the ‘beneficiaries’ which is very low in comparison to the number of shareholders and companies involved. There may be many innocent parties that will be caught up in this, but it will be very interesting to see the names come out and how they will weather the media and political furor.

It is getting harder and harder for in today’s world to hide anything, which in my opinion is a great thing. In a world where the biggest corporations can frequently get away without paying tax and the wealthy are likewise able to hide their assets around the world and leave the working class to pay the bulk of taxes and rates, a little transparency might be a good thing.

This is another great illustration of the way a picture or a map can speak a thousand words. If you click on the map, you can see information about that location. It makes for interesting viewing. Of course it doesn’t show who is involved, but gives you an idea of scale.

Not that surprising, in our neck of the woods, Samoa is the most popular location. I’m sure we will learn much more over time, but I wouldn’t be surprised to see some very difficult questions being asked all over the world. I also suspect that despite the large number of dots on this map, this is just the tip of the iceberg.

See on Scoop.itLocation Is Everywhere

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About Luigi Cappel

Writer for hire, marketing consultant specialising in Location Based Services. Futurist and Public Speaker Auckland, New Zealand
This entry was posted in Business Intelligence, Map data, Maps, Money and tagged , , , , , , , , , , , . Bookmark the permalink.

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