The global media has about exhausted the number of angles they can report on the so-called "Panama Papers." The leak has become synonymous with using offshore accounts and companies to avoid tax obligations.
Offshore accounts have been in and out of the news. The prosecution of Swiss bank giant UBS was a starting point. More recently, implementation of the Foreign Account Tax Compliance Act in the U.S. and progress on a Common Reporting Structure by the OECD have received coverage. Information is flowing more freely between countries making it much more difficult to hide offshore assets.